Oil prices up after Saudi Arabia announces more production cuts – IOTW Report

Oil prices up after Saudi Arabia announces more production cuts

JTN

Oil prices are up after Saudi Arabia, a key member of the Organization of the Petroleum Exporting Countries, announced more production cuts, which include reducing production by an additional 1 million barrels a day for at least a month and extending current cuts.

Saudi Arabia, the world’s top oil exporter, already reduced production in April by 500,000 barrels a day. Riyadh extended that cut on Sunday through December 2024.  MORE

7 Comments on Oil prices up after Saudi Arabia announces more production cuts

  1. Oil is NOT up. It has slowly declined since OPEC announced cutting 1% of the World’s oil production and since Russia declared a 1/2% world oil production cut.

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  2. I just paid $4.30 for regular this morning at a Conoco gas station which is still cheaper by at least 20 to 40 cents a gallon than other gas stations in town. I am sick of gas being so damned expensive in Wash. state when we are at least 75 cents to a dollar higher than the national average of maybe $3.50 a gallon. Thanks for nothing joey and the democraps for making us more energy dependent over the past 2 years since joey stole the election. BASTARDS!

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  3. Shitpants Potatohead fantasized for years about being buttfucked by arabs since he saw Lawrence Of Arabia.
    Too bad he’s including all of us in his fetish.

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