Soaring oil prices endanger China's British media interpretation of why OPEC does not increase production | OPEC | oil prices | interpretation | China |

The outbreak of the Russian-Ukrainian war sent global oil prices soaring, surpassing the $100 a barrel mark for the first time in eight years. But until May, the OPEC+ group, which includes Russia, refused to raise output to lower prices. The BBC published an article on May 6 to interpret this. When oil prices were particularly low in 2016, OPEC joined forces with 10 non-OPEC producers to create OPEC+. OPEC+ includes 23 oil exporters, including Russia, which produces more than 10 million barrels per day. OPEC+, which together produces about 40% of the world 's crude oil, meets monthly in…