Because the global oil market is facing crucial days

When a spectacular drop in oil prices threatened to further shake the pandemic-damaged global economy in April 2020, the United States, Saudi Arabia, Russia and other G20 countries united to seek a solution. The partnership helped stop an OPEC+ price war and stabilized the market again. Prices recovered. Two and a half years later and nine months after Russia’s invasion of Ukraine, such global power cooperation in the energy sector seems like a distant memory.