Saudis tell OPEC output surged 26% to new wartime high

The Organization of the Petroleum Exporting Countries, a group of oil-producing nations that coordinates output; OPEC+ also includes allies such as Russia.

Its production decisions move global oil prices and fuel costs.

Unrefined petroleum extracted from the ground; Brent and WTI are its main global price benchmarks.

Oil prices feed into fuel, transport and goods costs, and so into inflation.

A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.

Crypto prices are volatile, and governments are still deciding how to regulate it.