Gas..

 

The Organization of the Petroleum Exporting Countries and Moscow-led allies, collectively known as OPEC+, is considering a cut of more than 1 million barrels a day, delegates in the group said.

Concerns about a slowing global economy have dragged oil prices down at their fastest pace since the Covid-19 outbreak began in early 2020, prompting OPEC+ to consider ways to prop up the price of oil. 

Any move by OPEC+ to raise oil prices could put further pressure on Western consumers already hurting from high energy costs while also helping Russia—one of the biggest energy producers in the world—fill its state coffers as it wages war against Ukraine.

So Western Countries, the G7 and USA have been moving from cutting production of energy in USA to Sanctions on Russia that drove oil prices unnecessary high. That caused inflation, followed by recession, yet the Opec Plus needs their money. Just a thought.