While oil prices are plummeting and demand remains sluggish, OPEC+ surprises by announcing a massive increase in production starting in June. Eight members of the cartel break with recent caution and revive uncertainty in an already tense market. Behind this turnaround lies a possible geopolitical and economic turning point, between a strategy of reconquest and calculated risk-taking. This decision could reshape global energy balances.
Article 8 OPEC+ countries massively ramp up their production despite the drop in oil prices first appeared on Cointribune.