The timing of the OPEC decision to cut oil production right before the U.S. midterms is drawing speculation.
reported that Kushner spearheaded a U.S. government-sponsored program called the Abraham Fund intended to raise $3 billion for Middle East-related projects. That followed previous reports that Kushner's private equity firm received a $2 billion check from Saudi Arabia—the same nation that, along with Russia, agreed Wednesday to cut oil production by 2 million barrels a day to raise prices.Simon Rosenberg, founder of the New Policy Institute, a Washington, D.C.-based liberal think tank.
"Did Jared visit the Saudi's at DJT's urging, seeking higher oil prices to harm the Dems in the midterms? Just wondering,"
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US oil industry mocks Biden after OPEC+ announces production cutsThe U.S. Oil & Gas Association on Wednesday suggested that President Biden is now forced to turn to the U.S. oil industry after tapping out strategic reserves and OPEC+ cut production.
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US Should Respond to OPEC by Reinstating Oil Export Ban, Says Green Group\u0022It is no surprise that the international oil cartel is seeking to maintain high prices,\u0022 said a campaigner with Food \u0026 Water Watch. \u0022Political leaders here at home must understand that the solution is not to increase drilling.\u0022
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Oil Price Soars Following OPEC Production Cut – Key Tests Ahead for WTIOPEC+ agrees to cut oil production by 2 mln barrels per day. WTI rallies into key trendline resistance, 50-day moving average. White House extremely disappointed with OPEC “alignment with Russia”
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OPEC+ announces oil production cut, a move that could push US gas prices to riseThe alliance, which includes Saudi Arabia and Russia, has decided to sharply cut production to support sagging oil prices.
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OPEC decision could force Europe to cooperate with PutinSome European Union countries may threaten to fold their sanctions against Russia as oil prices soar.
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Gas prices rising, OPEC cutting oil production -- experts say there could be political consequencesThe average gas price in the Chicago area as of Wednesday was $4.60 a gallon. That is up from $4.48 on Tuesday, and $4.35 last week.
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