OPEC+ Will Keep Pumping More Oil, Undeterred by Omicron
For more crisp and insightful business and economic news, subscribe to The Daily Upside newsletter. It's completely free and we guarantee you'll learn something new every day.
The world's largest oil producing bloc is betting that the Omicron wave of the coronavirus won't impact the global economy like previous waves, and they're turning on the taps to prove it.
On Tuesday, OPEC+ — that's the thirteen Middle Eastern and African nations that make up OPEC plus ten extra heavy hitters including Russia and Mexico — agreed to boost their collective output by 400,000 barrels a day starting next month. For the sake of everyone's sanity, here's hoping they're right.
Source Fool.com
