OPEC, Russia Hold Off Pumping More Oil After Saudi Attack

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OPEC and Russia said they are holding off on pumping more oil after an attack in Saudi Arabia. Crude prices are up more than 8%.

Crude prices surged Monday in the aftermath of a weekend attack on Saudi Arabia’s crude production infrastructure. Officials said the Saudi Arabian Oil Co., known as Aramco, aimed to restore about a third of the disrupted output by day’s end Monday.

 

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But donnie released his reserve ... still getting the higher prices

Do unto the Oil cartel as they have done unto you these many years - buy an Electric Vehicle - preferably a Tesla

Your chance to show OPEC what you think of them - buy a TeslaModel3

The richest 1% calls this tactic the Pumping Strategy. Every so often, thy pump profits out of the citizens so they can take vacations or buy little Johnny a country. There is no shortage of oil. The number 1 oil producing nation colonizes the 2nd largest oil producer. We have it

Well done OPEC and Russia. Its time people payed more for oil.

More money for american oil producers then.

Trump is owned by/ sold out to the Saudis. We need a President who isn’t. Let’s schedule an interview.

Again, how is we EXPORT oil but somehow a skirmish in Saudi Arabia raises our pump prices? Answer - the American oil industry has no allegiance to America and Americans -just greed and gaffing whenever possible.

The key question is now that we know the culprit will the Saudi retaliate the aggression of Iranian? Iranian knows they can't face off with the United State therefore by attacking allies will immediately bringing the United State? realDonaldTrump SalmanAldosary SecPompeo

The Saudis can deal with their own problems. This is neither of EU's nor USA's concerns.

This was predictable really!

So...everyone can be extorted by the ultra-wealthy petroleum interests who have a history associated with violence and pollution... OR We can take this opportunity to significantly divest from emissions-heavy energy sources.

Even a small mistake can become the only thing necessary to achieve great success

So then why would we release oil? Maybe this was on purpose to raise prices?

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