In the midst of rapidly increasing inflation, the most important producers are turning on the oil tap. They want to produce less oil in order to raise prices. What are the consequences, for example for petrol or heating oil?
The members of the OPEC oil cartel want to produce less oil.
The most important oil-exporting countries united in the OPEC cartel and other petrostates decided on Wednesday to cut their production by two million barrels a day from November. With this step, they want to stabilize the oil price, which has fallen by up to 30 percent in recent months.
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