Gas is above $3 and it will go higher if OPEC doesn’t act soon

CNN | Jun 30, 2021 at 10:54 PM
  • New York (CNN Business)American drivers need OPEC and Russia to come to the rescue.
  • Global oil demand is currently near 97.5 million barrels per day and will rise by another 2.2 million barrels by the end of the year.
  • Rystad Energy oil market analyst Louise Dickson warned in a report that if OPEC+ boosts production by less than 500,000 barrels per day, it could “trigger an incredibly tight, high-price environment.”