Browsing Tag
OPEC
10 posts
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 Releases 10 Million Barrels of Oil from Strategic Petroleum Reserve Following OPEC+ Cut
U.S. Strategic Petroleum Reserve levels are at their lowest since 1984.
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…
WH Rails Against OPEC+ for Cutting Oil Production, Says Bloc ‘Aligning with Russia’
OPEC+ declared on Wednesday that it would cut oil production by 2 million barrels per day.
Gas Prices Rise as OPEC+ Cuts Production By 2 Million Barrels a Day
GasBuddy founder Patrick De Haan predicted the production cut will increase gas prices by up to $0.30 a gallon.
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,…