. OPEC+ Crisis Propels Oil to Six-Year High as Market Tightens « JO LEE MAGAZINE

Bloomberg – Oil jumped briefly to the highest in more than six years after a bitter fight between Saudi Arabia and the United Arab Emirates plunged OPEC+ into crisis and blocked a supply increase.

After several days of tense talks, the Organization of Petroleum Exporting Countries and its allies abandoned their Monday meeting. A disagreement over how to measure production cuts upended a tentative deal to boost output and swiftly deteriorated into an unusually personal and public spat between Saudi Arabia and the UAE.

Learn more about the repercussions of this situation at Bloomberg News.

World on the Run | Jo Lee Magazine




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