Any OPEC+ Production Cut Is Significant Globally

<p>WTI crude oil price is above $87 as OPEC+ considers production cuts for the first time since the pandemic. "Russia will be attending this meeting. Collectively OPEC+ brings in 30% to 40% of total oil production globally. Should Europe and the United States experience a recession, OPEC+ will need to decide how they will address energy demand," says Kurt Nelson.</p>