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Organization of the Petroleum Exporting Countries Have a Tough Decision to Make

Organization of the Petroleum Exporting Countries they’ll decide oil demand has recovered enough to loosen the taps again and the tough decision here is between whether to remain cautious and keep supplies tight, or take the current crude price rally as a sign that demand is back and healthy enough to loosen the taps. While tightening supply and vaccine optimism have both helped drive crude prices to pre-COVID levels in recent weeks, coronavirus variants continue to threaten the global economic recovery and keep some suppliers wary of flooding the market with more than it can handle. How do you think the oil prices is likely to change since the Covid-19 Vaccine is now available across the globe?

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