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High oil prices have been beneficial for members of OPEC+, an alliance of oil-producing countries, includes Saudi Arabia and Russia, that controls more than half of the world's output. Because of soaring oil prices due to Moscow’s invasion of Ukraine, some OPEC+ countries are raking in billions of dollars more in revenue than expected. Here’s what OPEC+ countries like Iraq and the UAE are doing with the windfall, and why they aren’t likely to distance themselves from Russia. 0:00 Oil prices are still more than double what they were two years ago 0:23 What is OPEC+? 1:24 How the Covid-19 pandemic affected OPEC+ 1:57 How Russia’s invasion of Ukraine affected OPEC+ 2:37 What high oil prices mean for OPEC+ countries I’m Shelby Holliday, a reporter for WSJ, and I’m digging deeper into news stories that are having a powerful and sometimes surprising impact on our lives and the communities in which we live. Join me as I report on the events and trends shaping our world by subscribing to the channel. #OPEC #Russia #ShelbyHolliday