By John Smith • 20 March 2020 • 13:37
Image: James Hetfield/Instagram
FOR some weeks now, the world has benefitted by the schism between OPEC and Russia over oil production and motorists have benefitted here in Spain as well as throughout Europe with a drop in fuel prices.
The OPEC concept was to reduce production in order to keep prices high as demands falls due to lockdowns but Russia refused.
Things have changed however as President Trump has intervened to initially purchase 30 million barrels of crude oil to add to American reserves thus steadying the price.
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Married to Ophelia in Gibraltar in 1978, John has spent much of his life travelling on security print and minting business and visited every continent except Antarctica.
Having retired several years ago, the couple moved to their house in Estepona and John became a regular news writer for the EWN Media Group taking particular interest in Finance, Gibraltar and Costa del Sol Social Scene.
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