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Oil Producers Cuts Could Boost Gasoline Prices, Help Russia

FRANKFURT, Germany - Major oil-producing countries led by Saudi Arabia said they're cutting supplies of crude — again. This time, the decision

United arab emiratesUnited statesSaudi arabiaWhite houseDistrict of columbiaMohammed ali yasinJoe bidenAdrienne watsonCaroline bainSaudi energyWhite house national security councilOrganization of the petroleoum exporting countriesEuropean unionRystad energyPetroleoum exporting countriesEnergy minister abdulaziz

OPEC+ makes shock million-barrel cut in new inflation risk

It’s a significant reduction for a market where despite the recent price fluctuations supply was looking tight for the latter part of the year.

Sankt peterburgAr riyaSaudi arabiaUnited arab emiratesWhite houseDistrict of columbiaUnited statesGary rossLisa leutnerSaudia arabiaPetroleum resources timipre sylvaGold investorsOrganization of the petroleoum exporting countriesSaudi energyBlack gold investorsPresident biden

Russia s economy holds up, but challenges lie ahead

Russia has weathered sweeping economic sanctions over the Ukraine war better than many expected, but the months ahead could pose a tougher test.

United statesKhabarovskiy kraySankt peterburgSaudi arabiaLos angelesPriolo gargalloDmitri lovetskyVladimir zharovAnton novoderezhkinAlexander yeryomenkoJanis klugeGaetano adriano pulvirentiTimur yunusovVladimir leninAnton pinskiyVladimir putin

OPEC+ agrees to stick to oil production plan

OPEC+ agrees to keep output levels amid uncertainty citing economic challenges such as high inflation and interest rate increases.

Saudi arabiaOrganization of the petroleoum exporting countriesOrganization of the petroleum exporting countriesPetroleoum exporting countriesPetroleum exporting countriesParticipating countriesGas pricesOil productionHigh inflation

OPEC keeps oil targets the same amid uncertainty on Russian sanctions

The decision at a meeting of oil ministers Sunday comes a day ahead of the planned start of two measures aimed at hitting Russia s oil earnings in response to its invasion of Ukraine.

Saudi arabiaJacques rousseauOrganization of the petroleoum exporting countriesEnergy intelligenceEuropean unionClearview energy partnersAssociated pressdecPetroleoum exporting countriesGary peachClearview energy

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