The United States questioned the OPEC+ resolution on oil and gas production, calling it a “short-sighted decision.”
- Brent crude, the international benchmark, fell from $123 in mid-June to $93.50 in September, a change of 24%.
- OPEC+ decided to cut daily oil production by 2 million barrels on October 5, 2022.
- The OPEC+ resolution exacerbates Africa’s economic woes, particularly its goal of raising the price of oil per barrel.
Oil prices have fallen after a peak summer. Brent…