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Saudis Coerced Other OPEC Members Into Oil Output Cut: White House

"The Saudi foreign ministry can try to spin or deflect, but the facts are simple," National Security Council spokesman John Kirby said Thursday.

Mi exclusiveSaudi arabiaSaudi arabia oilWhite houseOpec productionOpec dealOil outputBrent crudeBiden administrationMid term electionsAhra tayeb

OPEC Trims 2022, 2023 Global Oil Demand As COVID-19 Flares up in China

OPEC said it sees a risk to demand for crude from a resurgence of COVID-19 cases in China, high inflation and economic troubles in Europe.

Saudi arabiaWhite houseDistrict of columbiaUnited statesJoe bidenTerms of serviceMi exclusiveOil demandChina covidChina zero covid policyChina oil demandOpec productionBiden administrationAhra tayeb

OPEC+ Output Cut Could Push Global Economy Into Recession, IEA Warns

"Higher oil prices may prove the tipping point for a global economy already on the brink of recession," the International Energy Agency said Thursday,

Saudi arabiaUnited statesTerms of serviceInternational energy agencyMi exclusiveOpec dealOpec productionOil demandOil supplySaudi arabiaBrent crude oilOil pricesInterest ratesNflation 2022Global recessionAhra tayeb

Russian Oil Price Cap Will Backfire on World Economy: Indonesia Finance Minister

The planned price cap on Russian oil likely influenced OPEC's decision to slash production by 2 million barrels a day, Indonesia's finance minister said.

Saudi arabiaUnited statesSri mulyani indrawatiMulyani indrawatiTerms of serviceEuropean unionSri mulyaniMi exclusiveRussian oilOil price capEnergy crisisOil pricesGlobal economyEnergy marketsOpec productionEnnifer sor

OPEC+ Nations Are Falling Way Behind on Production Targets

The OPEC+ alliance fell short of its production quota by 3.6 million barrels a day in September, according to S&P Global.

Saudi arabiaTerms of serviceWest africaMi exclusiveOpec productionOil pricesOil productionRussian oilRussian oil banWestern sanctionsOil price capRussia ukraine warEnnifer sor

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