Published by
The Street
The Street
By Ellen Chang OPEC said it has no control over Russia’s activities or oil prices globally. OPEC is unable to control the supply of oil globally amid the ongoing and escalating aggression of Ukraine by Russia, said OPEC’s secretary general Mohammad Barkindo on Monday. The massive spike in energy prices globally is a “game changer,” but the goal of OPEC is to “continue to be a reliable and dependable supplier of oil to global markets,” he said at CERAWeek by S&P Global in Houston. OPEC and its allies, a group known as OPEC+ have chosen to keep production steady as oil prices reached $130 Sunday…