Browsing Tag
OPEC
8 posts
OPEC Will Maintain Some Output Cuts Amid Economic Fears in China and the U.S.
OPEC was founded in 1960 by Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela.
Russia’s Economy is Performing Well, OPEC Economists Find
The Russian economy is performing better than expected in the face of persistent external challenges, supported largely by…
Saudi Arabia is Slashing Oil Supply, it Could Mean Higher Gas Prices for U.S. Drivers
Saudi Arabia will reduce how much oil it sends to the global economy, taking a unilateral step to…
5 Ways the OPEC+ Production Cuts Will Affect the U.S.
1. Higher Consumer Goods In the past several months, ordinary Americans have faced rampant inflation, including higher prices…
OPEC to Cut Oil Output in Surprise Announcement
On Sunday, Saudi Arabia and other members of the OPEC+ oil producers surprised analysts by announcing additional oil…
Biden Turns to Venezuela for Oil After OPEC Slashes Production
The Biden administration proposed a deal that will ease sanctions on Venezuela, allowing Chevron to pump oil in…
OPEC Announces Small Output Increases
Representatives of the world's major oil producing countries voted Wednesday to increase production slightly, far less than U.S.…
OPEC Secretary General Says Russia’s Membership in OPEC+ is Vital for Success of Agreement
OPEC's new secretary general said that Russia's membership in OPEC+ is vital for the success of the agreement,…