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A plan to push up prices of oil production

Oil spiked last summer at around $123 per barrel after Russia’s invasion of Ukraine and its attempt to use energy as an economic weapon. It’s since fallen back quite a bit and stood at $75 last month. Now the plates are back up in the air after the OPEC+ cartel said it would slash oil production by 1 million barrels per day in order to push up prices. Robert Maxwell - Oil analyst joined Joe this morning.

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05.45 5 Apr 2023


A plan to push up prices of oil production



Share this article

05.45 5 Apr 2023


Oil spiked last summer at around $123 per barrel after Russia’s invasion of Ukraine and its attempt to use energy as an economic weapon. It’s since fallen back quite a bit and stood at $75 last month.

Now the plates are back up in the air after the OPEC+ cartel said it would slash oil production by 1 million barrels per day in order to push up prices.

Robert Maxwell - Oil analyst joined Joe this morning.


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