#opec #productioncutback #inflationconcerns
In this video, we discuss the recent decision by OPEC to cut back on production and the potential consequences it may have on global inflation. The production cutback by OPEC members has sparked concerns about its impact on the economy and energy sector. With oil prices being a major driver of inflation, the reduction in supply could potentially lead to higher inflation rates worldwide. We delve into the implications for monetary policy, the economic impact of this decision, and the intricate balance between supply and demand in global markets. Join us as we explore the potential consequences of OPEC's production cutback and its implications for the broader economy.

we also ask whether this organisation should be banned or even regarded as operating as an illegal monopoly rather than giving it its current immunity

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