Pressure on OPEC+ eases amid oil demand fears

Major oil producers led by Saudi Arabia and Russia meet Thursday with less pressure to open tabs more widely than planned as China’s Covid lockdown threatens demand. The meeting on Thursday also comes as the European Union is eyeing a ban on Russian oil imports, following similar moves by the United States, Britain and Canada. The alliance known as OPEC+ slashed output in 2020 when … Continue reading Pressure on OPEC+ eases amid oil demand fears