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oil supplies look to tighten from next month, after saudi arabia and other opec plus oil producers announce output cuts of about 1.1 million barrels a day. saudi arabia said the move was aimed at stabilising the market. well, oil prices are currently trading higher, after the move by 0pec+. this is the second time the cartel slashed productions. the group last did so in october, cutting output by two million barrels per day. jonathan robinson is global power & energy research director at frost and sullivan. this move by saudi was something of a surprise. the us publicly ruled out new crude purchases to replenish its own strategic stockpile. how much of a collision course does it put ridadh on with america? it is interesting because russia had cut its production separately in march so it suggests a bit of co ordination between russia and saudi arabia and clearly they want to put a floor under the price of oil and see it recovering to the side of $90 a barrel, where it ha ....
now, 15 million barrels does sound like a lot, and it does have the potential to drive down gas prices in the short term, but it is not a new release. it has been planned for a while now. the final tranche of that 180 million barrels the white house announced last spring. so why announce it today? again, president biden said it was not about politics, but the election is 20 days away, and polls show the economy is dominating the national consciousness. around 80% say the economy or inflation or both will play a major role in how they cast their vote. the president wants to remind voters his team is trying to do something about it, especially as democrats try to say it is, republicans say it is all the democrats fault, as voters tend to blame the party in power when they worry about the state of things. is that fair? probably not. the economy is extremely complicated. and people who spend decades studying it say presidents have very little control, if any at all, over ....
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former president trump wrapping up a news conference just a short while ago, we are keeping an eye on his movement from trump tower he is expected to leave at any moment and of course we will show you that when it happens we are looking at the live chat now. trump him at home that if this can happen to me, the verdict of course, if you happen to you. as he blasts the coats, skin conviction against him, he focused on the key issues of his campaigns of illegal immigration and all problems you care about even on foreign policy. and he vowed to appeal the verdict and make america great again. this is a case where if they can do this to mean, they can do this to anyone. it is very important, far beyond me that this cannot be allowed to happen to other presidents it should have never been allowed to happen, and the future. this is bigger than me, it is bigger than my presidency. when you look at our country and what is happening where millions and millions of people are f ....