Por: RTTNews Politics October 06, 2022
President Joe Biden has directed the Department of Energy to release an additional 10 million barrels of oil from the Strategic Petroleum Reserve (SPR) in November in the wake of OPEC's decision to cut crude oil production by 2 million barrels per day.This is in addition to 180 million barrels of oil that the Biden administration released since April.National Security Advisor Jake Sullivan and NEC Director Brian Deese said in a joint... + full article
Forbes USA Business October 16, 2022
Getty Images Key Takeaways The Organization of the Petroleum Exporting Countries (OPEC) announced last week that it would cut production of oil by approximately 2 million barrels of oil per day. That’s a reduction in the global supply of about 2%. This announcement had an... + más
OPEC Thumbs Its Nose At President Biden | Forbes
Progressives who back Green New Deal outraged over OPEC oil production cuts | Newsweek
Fox Business USA Business October 06, 2022
Rich Edson reports on the impact in Nevada Senate contest President Biden on Wednesday said he would release 10 million more barrels of oil from the U.S.’ Strategic Petroleum Reserve (SPR) in November in a move to counter again. His decision was announced just hours after... + más
OPEC+ to cut oil production by 2 million barrels per day to shore up prices, defying U.S. pressure | CNBC
Forbes USA Business October 06, 2022
VIENNA, AUSTRIA - OCTOBER 05: Secretary-General of OPEC Haitham al-Ghais (R) and Saudi Arabia's ... [+] Minister of Energy Prince Abdulaziz bin Salman Al-Saud (2nd L) hold a press conference after the 33rd OPEC (Organisation of the Petroleum Exporting Countries) and... + más
White House lobbying fails to prevent OPEC+ production cut | CNBC
Politico USA Politics October 06, 2022
OPEC’s move to cut oil exports on Wednesday is feeding an autumn of anxiety for Democrats over energy inflation as prices at the gas pump march higher — particularly in some states and districts that could swing in Republicans’ favor in the midterm election. After nearly... + más
Forbes USA Business October 05, 2022
VIENNA, AUSTRIA - OCTOBER 05: Saudi Arabia's Minister of Energy Prince Abdulaziz bin Salman Al-Saud ... [+] (L) attends the 45th meeting of the Joint Ministerial Monitoring Committee and the 33rd OPEC (Organisation of the Petroleum Exporting Countries) and non-OPEC... + más
Oil prices end at highest in 3 weeks as OPEC+ agrees to a large output cut while U.S. supplies fall | MarketWatch
CNBC USA Business October 05, 2022
Oil prices have fallen to roughly $80 from over $120 in early June amid growing fears about the prospect of a global economic recession.Bloomberg Getty ImagesA group of some of the world's most powerful oil producers on Wednesday agreed to impose deep output cuts, seeking... + más
The OPEC+ oil cut will impact US gas prices. Here's how. | ABC7
MarketWatch USA Business October 05, 2022
Price action Market drivers Crude prices had spent the first days of the week rallying on expectations OPEC+ — made up of Saudi-led OPEC and other major producers, led by Russia — would deliver a large cut to output at its meeting, held Wednesday in Vienna. the group said it... + más
What does the OPEC+ oil cut mean for US gas prices? | ABC News
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