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OPEC+ Vows To Respond If Countries Tap Their Oil Reserves

November 24, 2021 by

History has shown that OPEC+ members are willing to do whatever it takes to maintain their market share and keep prices within an ideal range. In 2020, right before the pandemic, Russia and Saudi Arabia engaged in a tit for tat involving oil production and exports—switching to a pump at will policy that flooded the market with oil because the two oil titans couldn’t agree on a strategy.

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