Editorial What is OPEC and How Does it Control Global Crude Prices? Last year, the global demand for crude oil collapsed when almost all countries went into strict lockdowns amidst the Covid-19 pandemic. There was an excess supply of crude oil and a sharp decline in demand. We saw global crude prices plunge to record lows. This unfortunate situation was controlled by the coordinated efforts of the […] Written by marketfeed Team June 4, 2021April 21, 2022