Oil prices have rallied on higher demand, the inability of some Opec member countries to quickly ramp up production as well as rising geo-political tensions over Ukraine. Reuters
Oil prices have rallied on higher demand, the inability of some Opec member countries to quickly ramp up production as well as rising geo-political tensions over Ukraine. Reuters

Business

Economy

Opec+ supply shortfall could push oil prices higher, IEA says

Millions of barrels of oil were taken off the market due to the underperformance of some producers in the bloc

Fareed Rahman
Fareed Rahman

February 11, 2022

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