By Tom Ozimek The Organization of the Petroleum Exporting Countries and its allies (OPEC+) on Monday reaffirmed its earlier plan to gradually ease production cuts beginning in April 2025, despite pressure from President Donald Trump for bolder action that would lower oil prices. The decision, made during the 58th Joint Ministerial Monitoring Committee (JMMC) meeting […]
Tag: OPEC
The Organization of the Petroleum Exporting Countries is an intergovernmental organization or cartel of 13 countries. Founded on 14 September 1960 in Baghdad by the first five members, it has since 1965 been headquartered in Vienna, Austria, although Austria is not an OPEC member state.