Editing OPEC (section)

===2021–present: Global energy crisis===
{{main|2021–present global energy crisis}}
The record-high energy prices were driven by a global surge in demand as the world quit the economic recession caused by COVID-19, particularly due to strong energy demand in Asia.<ref>{{cite news |title=Covid is at the center of world's energy crunch, but a cascade of problems is fueling it |url=https://www.nbcnews.com/news/world/covid-center-world-energy-crunch-cascade-problems-fuel-rcna2688 |work=NBC News |date=8 October 2021}}</ref><ref>{{cite news |title=Don't Expect OPEC to Keep You Warm This Winter |url=https://www.bloomberg.com/opinion/articles/2021-10-17/energy-crisis-don-t-expect-opec-to-keep-you-warm-this-winter |work=Bloomberg |date=17 October 2021}}</ref><ref>{{cite news |title=Oil prices could hit an 'off the charts spike,' says strategist |url=https://www.cnbc.com/2021/10/06/strategist-on-oil-prices-in-winter-china-and-europe-energy-crisis.html |work=CNBC |date=5 October 2021}}</ref> In August 2021, U.S. President [[Joe Biden]]'s national security adviser [[Jake Sullivan]] released a statement calling on OPEC+ to boost [[List of countries by oil production|oil production]] to "offset previous production cuts that OPEC+ imposed during the pandemic until well into 2022."<ref>{{cite news |title=Turning to foreign leaders to fix our energy crisis is a shameful solution |url=https://thehill.com/opinion/energy-environment/567988-turning-to-foreign-leaders-to-fix-our-energy-crisis-is-a-shameful |work=The Hill |date=16 August 2021}}</ref> On 28 September 2021, Sullivan met in [[Saudi Arabia]] with Saudi Crown Prince [[Mohammed bin Salman]] to discuss the [[Price of oil|high oil prices]].<ref>{{cite news |title=Top White House aide discussed oil prices with Saudi Arabia |url=https://www.reuters.com/business/white-house-said-top-aide-planned-discuss-oil-prices-with-saudi-arabia-2021-09-30/ |work=Reuters |date=1 October 2021}}</ref> The price of oil was about US$80 by October 2021,<ref>{{cite news |title=Global energy crunch, US burnout, and OPEC's no 1 call |url=https://www.aljazeera.com/economy/2021/10/1/global-energy-crunch-us-burnout-and-opecs-no-1-call |work=Al-Jazeera |date=1 October 2021}}</ref><ref>{{cite news |title=Oil analysts predict a prolonged rally as OPEC resists calls to ramp up supply |url=https://www.cnbc.com/2021/10/05/oil-prices-analysts-see-a-prolonged-rally-as-opec-sticks-to-its-plan.html |work=CNBC |date=5 October 2021}}</ref><ref>{{cite news |title=OPEC-Plus in Driver's Seat As Global Energy Crisis Intensifies |url=https://www.naturalgasintel.com/opec-plus-in-drivers-seat-as-global-energy-crisis-intensifies/ |work=Natural Gas Intelligence |date=6 October 2021}}</ref> the highest since 2014.<ref>{{cite news |title=U.S. crude oil price tops $80 a barrel, the highest since 2014 |url=https://www.cnbc.com/2021/10/08/us-crude-oil-price-tops-80-a-barrel-the-highest-since-2014.html |work=CNBC |date=8 October 2021}}</ref> President Joe Biden and U.S. Energy Secretary [[Jennifer Granholm]] blamed the OPEC+ for rising oil and gas prices.<ref>{{cite news |title=US energy secretary blames Opec 'cartel' for high petrol prices |url=https://www.ft.com/content/cecf912d-705e-47b0-9ceb-911e7c517fd8 |archive-url=https://ghostarchive.org/archive/20221210/https://www.ft.com/content/cecf912d-705e-47b0-9ceb-911e7c517fd8 |archive-date=10 December 2022 |url-access=subscription |url-status=live |work=Financial Times |date=31 October 2021}}</ref><ref>{{cite news |title=Biden blames higher oil and gas prices on OPEC |url=https://www.reuters.com/business/energy/biden-blames-higher-oil-gas-prices-opec-2021-11-02/ |work=Reuters |date=2 November 2021}}</ref><ref>{{cite news |title=OPEC+ warns of response as Biden readies to tap strategic reserve |url=https://www.aljazeera.com/economy/2021/11/22/opec-warn-of-response-as-biden-mulls-tapping-strategic-reserves |work=Al Jazeera |date=22 November 2021}}</ref>

[[Russian invasion of Ukraine|Russia's invasion of Ukraine]] in February 2022 has altered the global oil trade. EU leaders tried to ban the majority of Russian crude imports, but even prior to the official action imports to Northwest Europe were down. More Russian oil is now sold outside of Europe, more specifically to India and China.<ref>{{Cite web |last=Stevens |first=Pippa |date=31 May 2022 |title=These charts show how Russia's invasion of Ukraine has changed global oil flows |url=https://www.cnbc.com/2022/05/31/these-charts-show-russias-invasion-of-ukraine-has-changed-global-oil.html#:~:text=Russia's%20invasion%20of%20Ukraine%20has%20altered%20the%20global%20oil%20trade,nations%20including%20India%20and%20China. |access-date=5 September 2022 |website=CNBC}}</ref>

In October 2022, key OPEC+ ministers agreed to oil production cuts of 2 million barrels per day, the first production cut since 2020.<ref>{{Cite news |date=5 October 2022 |title=OPEC+ JMMC agrees oil output cuts of 2 mln bpd – sources|work=[[Reuters]]|url=https://www.reuters.com/business/energy/opec-jmmc-agrees-oil-output-cuts-2-mln-bpd-sources-2022-10-05/ |access-date=5 October 2022}}</ref> This led to renewed interest in the passage of NOPEC.<ref>{{cite news|url=https://www.washingtonpost.com/business/energy/why-nopec-keeps-arising-as-a-us-answer-to-opec/2022/10/07/5f36eede-465d-11ed-be17-89cbe6b8c0a5_story.html|archive-url=https://web.archive.org/web/20230408201050/https://www.washingtonpost.com/business/energy/why-nopec-keeps-arising-as-a-us-answer-to-opec/2022/10/07/5f36eede-465d-11ed-be17-89cbe6b8c0a5_story.html|archive-date=8 April 2023|title=Why 'NOPEC' Keeps Arising as a U.S. Answer to OPEC |date=10 October 2022|access-date=12 March 2023|author=Ari Natter|agency=[[Bloomberg News]]|newspaper=[[The Washington Post]]}}</ref>