Why countries don’t increase oil production to control prices

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Russia produces more than 10 million barrels of oil a day and helps OPEC keep prices high

The world’s biggest oil exporters met on May 5 amid calls from around the world to cut prices.

But members of the group of oil-producing countries OPEC+ – which includes Russia – are not rushing to help.

OPEC+ is a group of 23 oil-exporting countries that meet every month in Vienna to decide how much crude oil will be put on the world market.