OPEC’s decision to curb oil production was a signal that President Biden’s influence over his Gulf allies was far less than he had hoped.
Tag: Organization of the Petroleum Exporting Countries
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OPEC and Russia to Meet, With a Big Cut in Oil Output on the Table
Saudi Arabia appears determined to bolster prices and continue coordinating with Russia during the Ukraine war.
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Saudi Arabia and Russia May Find Their Oil Pricing Power Limited
Reduced global demand may offset any supply cut by OPEC and its allies.
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OPEC Plus Considering Major Production Cut to Prop Up Oil Prices
The oil producers group, which meets on Wednesday, is worried about declining demand in a slowing global economy. Prices have dropped by 25 percent since June.