When we think about the travel industry, oil rarely comes to mind immediately. But behind every flight, road trip, or cruise lies a critical factor impacting prices and accessibility: the global oil market. At the heart of this market is opec+, a powerful coalition shaping oil production and, indirectly, the cost of travel worldwide. Wikipedia Understanding OPEC+ and its decisions is key to grasping how your travel plans, from airfare to car rentals, might change throughout the year. This article explores the relationship between OPEC+ policies and the travel sector,…
Read MoreHow OPEC+ Influences Global Travel and Tourism in 2024
