OPEC makes bigger-than-expected production cut that could raise gas prices again
for six months. High inflation is a fundamental drag on Biden’s approval and has dampened Democrats’ chances in the midterm elections.
could reduce supply if Russia retaliates by refusing to ship to countries and companies that observe the cap.. Dwindling prospects for a diplomatic deal to limit Iran’s nuclear program also have lowered prospects for a return of as much as 1.5 million barrels a day in Iranian oil to the market if sanctions are removed.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
OPEC production cut could halt the slide in gasoline prices | AutoblogPresident Joe Biden was quick to take credit over one of his most serious political foes: high gas prices. It was a victory lap that may prove premature.
Baca lebih lajut »
OPEC+ may take back control of the oil market with a major output cut | CNN BusinessA potential cut in production of 1 million bpd would send a global signal that OPEC+ wants to regain control of a market that it believes has deviated from the fundamentals of supply and demand, say analysts.
Baca lebih lajut »
Three things to watch for from the OPEC meeting, including a likely market-moving supply cutAt this point it is less a question of if, but rather how much OPEC and the OPEC+ coalition (Russia, Mexico and others) will remove from their monthly production quotas.
Baca lebih lajut »
OPEC+ output cut on tap, ADP report and more: Wednesday's 5 things to knowThe oil producer group OPEC+ meets today in Vienna and a large cut in output is expected in a move to support prices.
Baca lebih lajut »
Time for U.S. to reevaluate Saudi relationship, Sen. Chris Murphy says ahead of OPEC output cutOPEC+'s plans to cut oil production is a 'mistake' and there needs to be a re-evaluation of the alliance between the Saudis and the U.S. said a U.S. Senator.
Baca lebih lajut »