wikipedia.org | Bwag. /CC BY-SA 4.0Members of the OPEC+ oil cartel have reacted with hatred to the West’s sectoral sanctions against Russia, columnist Javier Blas said in an article for Bloomberg.
The publication’s analyst clarified that the merger plan for this year remains uncertain. This group, led by Russia and Saudi Arabia, is cautious about a possible increase or decrease in the level of black gold production.
Blas added that countries participating in the cartel benefit from high prices, so they view Western restrictions against Moscow extremely negatively. They also admit that due to the sanctions, the cost of a barrel of oil will be between 90 and 100 dollars.PoliticsRussia “.
OPEC leaders, observing the easing of covid restrictions and the rise in demand for black gold in China, would like to wait until the third quarter before acting. However, such actions cause anger and anxiety in Western countries.
