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Dec 2, 2021

To pause or not pause oil production? What will OPEC do?

From the BBC World Service: There are several options on the table for the OPEC oil-producing countries and their allies in order to help lower prices, but the omicron variant has added further uncertainty around global demand trends. Plus, why the Asian ride-hailing giant Grab is making its debut on the Nasdaq. And, Turkey’s President Erdogan abruptly replaced the country’s finance minister. 

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Oil prices have been up and down in recent days amid uncertainty around what the omicron variant will mean for demand.
Oil prices have been up and down in recent days amid uncertainty around what the omicron variant will mean for demand.
FEDERICO PARRA/AFP via Getty Images

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To pause or not pause oil production? What will OPEC do?