World oil prices have fallen by 2-3% this morning amid concerns over a new strain of the coronavirus.
Brent futures for February delivery fell by 2.57% to $ 71.63 a barrel.
WTI January futures fell by 3.09% to $ 68.67 a barrel.
By the end of this decade, world oil production could be reduced by 30% due to reduced investment in fossil fuels.
Due to the declining demand for oil caused by the coronavirus pandemic, OPEC + has reduced production by 9.7 million barrels since May last year.
With the stabilization of the situation, oil production has more or less resumed. From August 2021, the Alliance increased oil production by 400 thousand barrels per month.
Since then, the organization's member states have met every month and discussed the production plan for the coming month.
