“The recent market upheaval, when the price of Brent fell to 70 dollars per barrel, probably scared OPEC+ a little, because the bank and the other upheavals create uncertain economic prospects with a possible collapse of oil prices,” SEB bank economist Dainis Gašpuitis explains to the online magazine KLIK. He is convinced that the reduction in oil production reported by several OPEC+ members in recent days shows that the organization is capable of action, and this will likely lead to a rise in fuel prices.
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