Global Oil Markets in Flux: OPEC+ Increases Production Amid Trump’s Tariff Moves on Russian Crude
In a significant development that could reshape the dynamics of the global oil market, the OPEC+ alliance, comprising key oil-producing nations including Saudi Arabia and Russia, has decided to increase oil production starting September. This decision comes amid concurrent geopolitical moves by U.S. President Donald Trump, who has proposed tariffs specifically targeting buyers of Russian…