OPEC+, which comprises the Organization of the Petroleum Exporting Countries and allies including Russia, angered the United States and other Western nations in October when it agreed to cut output by 2 million barrels per day , about 2% of world demand, from November until the end of 2023.
OPEC+ argued it had cut output because of a weaker economic outlook and oil prices have declined since October due to slower Chinese and global growth and higher interest rates.$60 per barrel price cap on Russian seaborne crude oil in a move to deprive President Vladimir Putin of revenue while keeping Russian oil flowing to global markets.
The answer is to move away from fossil fuels and leave OPEC countries in the Stone Age.
Patience. They will need weapons to kill Yemens or a pardon or worse and they will cut production then.
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