DUBAI, United Arab Emirates (AP) — Saudi Arabia said Sunday it will cut oil production by 500,000 barrels per day from May until the end of 2023, a move that … Read More
President Biden is set to order the release of millions more barrels of oil from America’s strategic reserve Wednesday in a last-ditch bid to further reduce prices at the pump … Read More
Western attempts to bring Russia to its knees economically suffered a setback this week. The OPEC Plus oil cartel, driven by Saudi Arabia and Russia, agreed to a production cut … Read More
The Biden administration is considering relaxing sanctions against Venezuela as the White House scrambles to avert another surge in US gas prices, according to a report late Wednesday. The administration’s … Read More
President Biden’s trip to Saudi Arabia was deemed a failure by analysts after oil-producing states announced that they would boost output by just 100,000 barrels a day starting next month … Read More
President Joe Biden defended his trip next week to Saudi Arabia as an opportunity to “reorient — but not rupture — relations with a country that’s been a strategic partner … Read More
