OPEC+
April 4, 2023
The price of oil rose as much as 8% on Monday following the surprise announcement of a production cut of over one million barrels a day by OPEC+.
As a result, the soaring oil prices will likely mean interest rates will remain higher for longer as inflationary pressures are fuelled by the price rally.
There are 13 OPEC member countries within the OPEC+ group, mainly located in the Middle East, as well as ten non-OPEC countries, including Russia, Mexico,
Read More
premium
