One thing is for certain when officials from OPEC, Russia and other oil-producing countries meet by teleconference Thursday to decide how much oil to produce in January. They will want to try to make sure that last Friday’s sudden, sharp collapse in oil prices a drop of more than 10% within a few hours, set off by reports of a threatening new Covid-19 variant does not
The oil cartel and Russia want to bolster prices after a 10 percent drop last week. But they also need to consider the release of reserves by the U.S. and other countries.
Afghanistan, the United States’ chaotic withdrawal notwithstanding, could emerge as another example of the positive impact when global interests coincide.
US military presence in the Middle East: The less the better moderndiplomacy.eu - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moderndiplomacy.eu Daily Mail and Mail on Sunday newspapers.