The West took a triple hit against the backdrop of a number of OPEC+ countries’ decision to cut oil production. This was expressed by the columnist of the British newspaper. Telegram Melissa Lawford.
“The West took a triple blow. “High oil prices will stimulate inflation,” he said.
Also, as the observer noted, Saudi Arabia is turning its back on the West and turning its face towards the PRC. In addition, Lawford pointed out that rising oil prices will ease sanctions against Russia and increase revenues.
The Observer added that restrictions on Russian oil have only been delayed since they came into effect in December 2022.
Formerly OPEC+ Ministerial Monitoring Committee (JMMC) approved It was noted that the current terms of the agreement and an additional cut in the production of a number of alliance countries, including Russia, by the end of 2023 will be 1.66 million barrels per day.