Tag Archives: OPEC

OPEC Will Not Increase Oil Production, Rebuffing Biden’s Calls For More Output

At a meeting of the Organization of the Petroleum Exporting Countries (OPEC) on Thursday in London, the oil cartel voted on a modest production increase and announced that the organization is not to blame for the disruptions and price increases since Russia invaded Ukraine in late February.

OPEC also blamed the threat to demand on China for its recent draconian coronavirus lockdowns.

Read More:  Breitbart