The OPEC+ alliance of oil-exporting countries left its targets for global oil production in place Sunday in its first meeting since announcing cuts in October, as the Biden Administration
backs off its earlier threats to punish Saudi Arabia—a leader of the 23-member bloc—after fears of an OPEC-driven spike in oil prices subsided.... [+]Following its meeting Sunday, OPEC+ announced it would hold current oil production projections, citing uncertainty as the European Union prepares to ban many Russian oil imports and several countriesthe price of Russian oil, two measures that are set to take effect Monday as punishment for Russia’s invasion of Ukraine.
Meanwhile, the Biden Administration is no longer pursuing retaliatory measures against Saudi Arabia for initially slashing oil production in October,
What else is new
It’s hard to punish anyone who also acts as one of your biggest offshore investors.
😂😂😂 as if the Saudis will feel his weak pinch
We shouldn’t put the blame on them. Let’s make a better deal with Venezuela. They need an export market and the USA would make for a better partner than many other foreign marks.
spagov is just a 84 agreement to go forward with the United States The Union Organization has a lot of economics in America after 5 years and we have a bonus Account Management Team have her own plug .25 in gas economics in America and all around the world khamenei_ir Iran_GOV
Biden is weak
Biden will just drain the rest of our national emergency reserves, problem solved.😳
Somebody got paid to edit this headline....pace.
Speak loudly, ...... and, where'd I leave my stick..? .....
Love how this plays out Biden: “I’ll teach OPEC a thing or two” *Nothing* Biden:”These Saudis are the problem” *Nothing* Biden:”you know the thing….whatever”
POTUS “nobody f🤬ks with a Biden” 🤪😜😝😂😂😂
Biden is so weak, America will pay eventually.
Remember when we were energy independent and this didn’t matter? Elections have consequences…
maybe he didn't have a short length of chain to intimate them with
Who?
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OPEC+ Gathers to Decide Output, With Russia Oil-Price Cap LoomingDelegates and analysts said members of the group have been discussing three scenarios—keeping production the same, cutting output a little or even raising levels. Biden should try another fist bump. Maybe that will help? 😂 Collusion to affect prices. Normally that would be against US law Time to corner OPEC. Oil cartel must die.
Source: WSJ - 🏆 98. / 63 Read more »
OPEC+ Keeps Oil Curbs Despite Russia Price CapOPEC+ said it will stick to its oil-output cuts amid mounting concerns over Covid lockdowns in China and uncertainty over Russia’s ability to export crude The phone call from the US Republican National Committee must have come in sooner than thought. This is regardless of Biden's recent decision to meet with Putin to discuss war terms. Gas prices back up again. Ronaldo's new salary with his Saudi team needs to be addressed apparently. This fossil fuel issue in the great USA 🇺🇸 is 100% self inflicted wound. Before 2022 when is the last time you heard the word OPEC?
Source: WSJ - 🏆 98. / 63 Read more »
OPEC+ to maintain oil output levels amid uncertainty over Russia price capMajor oil-producing countries led by Saudi Arabia and Russia agree to maintain their current output levels at a meeting, ahead of fresh sanctions against Moscow coming into force, sources say.
Source: trtworld - 🏆 101. / 63 Read more »
Iraqi oil minister says OPEC members committed to agreed production ratesIraqi oil minister Hayan Abdel-Ghani affirmed OPEC members are committed to the agreed production rates till the end of 2023, ministry statement said in a statement on Saturday. “OPEC members committed to agreed production rates” 🤣 Sir, I say mango cost higher than him. One say , Land rate ,care to trees, daily & years, efforts etc calculate... I think how be , Shocked because I can't calculate for those things how be & some sell at 100 rs. Sorry if hurt.
Source: Reuters - 🏆 2. / 97 Read more »
OPEC+ will keep oil policy unchanged in review talks, sources sayOPEC+ will likely stick to its oil output targets when it meets on Sunday, five OPEC+ sources said on Saturday, a day after the Group of Seven (G7) nations agreed a price cap on Russian oil. Patience. They will need weapons to kill Yemens or a pardon or worse and they will cut production then. The answer is to move away from fossil fuels and leave OPEC countries in the Stone Age.
Source: Reuters - 🏆 2. / 97 Read more »
OPEC+ oil producers face uncertainty over Russian sanctionsOil prices are down, and demand is lagging.
Source: KPRC2 - 🏆 80. / 68 Read more »