U.S. Treasury secretary Janet Yellen has criticized the supply cut decision made by the Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, calling it “unhelpful and unwise” for the global economy.
Yellen, in an interview with the Financial Times, said OPEC+’s move to reduce its output by 2 million barrels per day was especially harmful to emerging markets already struggling with high energy prices.
