Daily Memo: OPEC+ Reaches Deal, North Korean Trade Plummets

The group will phase out production cuts by September 2022.

Oil production hike. OPEC+ countries reached a deal to raise production by a total of 400,000 barrels per day on a monthly basis starting from August and phase out cuts that had previously been agreed to by September 2022. The agreement will add about 2 percent more oil to global supplies by the end of […]

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Geopolitical Futures (GPF) was founded in 2015 by George Friedman, international strategist and author of The Storm Before the Calm and The Next 100 Years. GPF is non-ideological, analyzes the world and forecasts the future using geopolitics: political, economic, military and geographic dimensions at the foundation of a nation.