OPEC+ Grapples With Mixed Blessing of Rising Oil Prices

OPEC+ Grapples With Mixed Blessing of Rising Oil Prices
(AP Photo/Eric Gay, File)
OPEC and its key allies will meet on Monday to decide whether to ramp up oil production in a bid to calm overheated global energy prices.
The market landscape has changed little since the previous meeting on September 1 of the oil exporters' cartel and its allies, together known as OPEC+, with demand continuing to outstrip global crude supply.
Oil prices jumped above $80 last week for the first time in almost three years, a two-sided coin for the club, led by Saudi Arabia and Russia.
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