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Saudi Arabia, OPEC+ producers announce voluntary oil output cutsThe Saudi energy minister said it was a precautionary measure to support the stability of the oil market. These announcements are voluntary price increases and profit increases for them to voluntarily make themselves even more obscenely rich. More reason to find alternative energy sources--get off of the Saudi's oil teat and rob them of their outsize influence in the world. OPEC to Biden:
Source: Reuters - 🏆 2. / 97 Read more »
VIEW OPEC output cuts to roil markets, little room for others to respondA surprise production cut by Saudi Arabia and other Middle East producers has caught the energy industry flat-footed and will lift global prices with little room for a coordinated response by oil-consuming nations, industry executives said on Sunday. If only the us had their own source of crude that they could throttle up to offset these cuts….. F-Opec there weaponizing oil 1.5 million barrels? The US uses over 20 million a day. Compare that to world estimated use and it’s so insignificant to not even be news worthy.
Source: Reuters - 🏆 2. / 97 Read more »
OPEC+ announces surprise oil output cutsOil prices last month fell towards $70 a barrel on concern that the global banking crisis would hit demand. Still, further action by OPEC+ to support the market was not expected as crude recovered toward $80. Hummm...just before Trump goes to court? So they raised the price while Biden is in power and they lowered the price when Trump and the RatpubLIEcans were in power just to help/ KEEP THEM IN POWER. Here we go again🙄👎🤬 What does MBS want now 🤣🤣🤣 you dont say?
Source: Reuters - 🏆 2. / 97 Read more »
OPEC+ output cuts are unadvisable, US saysThe Biden administration said the surprise oil output cuts announced on Sunday by Saudi Arabia and other OPEC+ countries were not advisable. Maybe they're trying to go green like the US Why ? Well the US is going to have to learn to live with these cuts.
Source: Reuters - 🏆 2. / 97 Read more »
OPEC producers announce voluntary oil output cutsThis is expected to cause an immediate rise in prices for the open. West Texas Intermediate, WTI, crude oil rose to the highest in three weeks on Frid
Source: FXStreetNews - 🏆 14. / 72 Read more »
Reaction: OPEC output cuts to roil marketsA surprise production cut by Saudi Arabia and other Middle East producers has caught the energy industry flat-footed and will lift global prices with little room for a coordinated response by oil-consuming nations, industry executives said on Sunday. Time to elect a president that makes us energy independent We just need to let the donald sell them our defense secrets… Here we go
Source: Reuters - 🏆 2. / 97 Read more »