Why is OPEC+ cutting oil production?

The OPEC+ alliance of oil-exporting countries has announced reducing oil production by 2 million barrels per day, one of its largest supply cuts since the coronavirus pandemic. The decision comes at a time when many countries are grappling with soaring energy prices-fuelled inflation. So what is behind the new decision of OPEC+ to reduce oil production, and what could that mean for consumers? In this episode: Nikolay Kozhanov (@KozhanovNikolay), Research Associate Professor at Qatar University Episode credits: This episode was produced by Salim Alyafei. Research was done by our intern Nada Shakir. Our host is Sami Zeidan. Our lead engagement producer is Aya Elmileik and our assistant engagement producer is Munera AlDosari. Omar Al Saleh is the executive producer and Al Jazeera's head of audio is Ney Alvarez.  Connect with us at:@AJEPodcasts on Twitter, Instagram, and Facebook