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In Rebuke to West, OPEC and Russia Aim to Raise Oil Prices With Big Supply Cut

Por: The New York Times Business October 06, 2022

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Saudi Arabia and Russia, acting as leaders of the OPEC Plus energy cartel, on Wednesday to their biggest production cuts in more than two years in a bid to raise prices, countering efforts by the United States and Europe to choke off the enormous revenue that Moscow reaps from the sale of crude.President Biden and European leaders have urged more oil production to ease gasoline prices and punish Moscow for its aggression in Ukraine. Russia has... + full article



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