If you rely on oil and gas to power your car, home, and more, you have likely noticed that prices for these products are significantly lower now than they have been in other recent periods. You may have heard that these prices are a result of an oil surplus, which may come as a surprise- considering mounting concern over the recent decade about running out of fossil fuels, and the ever-increasing focus on developing sources of alternative energy.
OPEC recently announced it wants to discuss fair pricing with global producers. In their monthly publication, OPEC said it’s willing to talk, albeit, only on a “level playing field.”
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