Asia

Why is OPEC+ cutting oil production?

Podcast,

The OPEC+ alliance of oil-exporting international locations has introduced decreasing oil manufacturing by 2 million barrels per day, one among its largest provide cuts because the coronavirus pandemic. The choice comes at a time when many international locations are grappling with hovering vitality prices-fuelled inflation.

So what’s behind the brand new choice of OPEC+ to cut back oil manufacturing, and what might that imply for customers?

On this episode:

  • Nikolay Kozhanov (@KozhanovNikolay), Analysis affiliate professor at Qatar College

Episode credit:

This episode was produced by Salim Alyafei and the analysis was achieved by intern Nada Shakir. Sami Zeidan is the host of the episode, with Aya Elmileik as lead engagement producer and Munera AlDosari as assistant engagement producer. Omar al-Saleh is the manager producer and Ney Alvarez is the pinnacle of audio. 

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