• n the article, the author claims that OPEC (the Organization of Petroleum Exporting Countries) asked Russia to put a cap on its production of oil. What does this mean, why would OPEC ask for this, and what would it accomplish?
• In response to Russia refusing to implement production caps, the article claims Saudi Arabia INCREASED their production, dragging the global price of oil downward. Why would Saudi Arabia increase production if they knew if would cause the price to drop?
• The article claims that prices are dropping for another reason as well - the appearance of COVID-19. This has been slowly bringing down the price of gas as well. Explain in detail why the pandemic (and potentially different governments' responses to it) would cause prices to drop.