OPEC Looks Beyond Politics, Focuses On Long-Term Production Plans

OPEC is meeting on Thursday for its regular monthly review of production policy. This time, no one seems to expect surprises, and the reason is that in the past couple of months, the cartel and its allies in OPEC+ led by Russia have been in remarkable sync. And they appear to have had enough of consumers’ pressure. The energy minister of the United Arab Emirates sounded a sober note earlier this week as he struck at Western countries for having what can only be described as a hypocritical attitude to fossil fuels. “I think in COP 26…