OPEC+ Major Production Cut
1 year ago
41
OPEC Pluss decision to cut production was a major sign of how the organization made a political decision while simultaneously executing a technical one. It wanted to maintain its profits by executing this move, but it was viewed as a major snub to the West, in particular Europe and the US. This was viewed by the US as an unnecessary step, at a time when the world needs oil more than ever before.
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