OPEC and OPEC Plus decided to cut oil supply by over 1 million barrels a day. The amount of oil they decide to supply dictates prices across the globe. A drop in supply means that the prices of crude oil could also rise. But there's something else that no one else is talking about. Something big that could challenge the might of OPEC Plus. We're talking about no-peck. It's called the no oil producing and exporting cartels act. And it's something that the US is trying to introduce to counter the might of other oil producing nations. So what will the act do? Okay, let's make one thing abundantly clear. OPEC Plus is a cartel. In this case
In today’s episode for 6th April 2023, we explore the role of some of the biggest oil-producing countries in the world and how the US might have an idea to break the monopoly