Resilient Opec+ keeps prices up, adding to consumer pain

Issue 465 - 22 Jul 2022 - By Jon Marks | 8 minute read

The extent that markets have shifted since Russia’s invasion of Ukraine in February has been underlined by a surge of energy diplomacy in recent weeks. Complex security issues were integral to United States President Joe Biden’s mid-July fist bump with Saudi Crown Prince Mohammed Bin Salman Al-Saud, but an effort to reduce oil prices was the real agenda-setter.

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