Bulletin Updates
Deliberate OPEC-plus actions keeping oil on the boil – 23 May 2022
May 23, 2022
The rise of OPEC and the consolidation of the modern oileconomy after the disintegration of the Soviet Union in 1991 have witnessed global petroleum markets following one simple principle –– supply must match demand. This equation not only keeps the price of petroleum products in check, but also ensures that the world economy remains in balance.
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