OPEC targeting oil prices below $100, Oman’s oil minister says

World Oil | Jan 11, 2022 at 1:00 AM
  • OPEC and its allies don’t want crude prices to climb to $100 a barrel, and are reviving production quickly enough to prevent global markets from “overheating.
  • Crude prices have rallied this year, topping $80 a barrel in London.
  • Oil’s rally has alarmed many consuming nations as it stokes inflationary pressure that’s menacing the world’s economic recovery from the pandemic.