How OPEC+ decision to cut oil production will affect global economy
The Saudi-led OPEC+ cartel, which includes Russia, has decided to cut output by 2 million barrels per day, the largest decrease in production since the 2020 COVID-19 deal.
US President Joe Biden has vowed that there will be consequences for Saudi Arabia.
This video will help you understand how OPEC's decision to cut oil production will affect global economics and geopolitics.
#opec #opec+ #opecoilcut
Chapters:
0:00 - How OPEC+ decision to cut oil production will affect global economy
0:26 - Saudi prince threatens west
1:17 - Why OPEC cut oil production
1:55 - Saudi Arabia against USA
2:26 - Saudi Arabia supports Russia
3:20 - OPEC oil prices
3:53 - Western interference in the global oil market
4:37 - Resentment between Saudi Arabia and USA
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