OPEC - Page 2

The Ministry of Foreign Affairs of Saudi Arabia issued an outraged statement Thursday condemning the White House, without naming any official in particular, for claiming that Riyadh supported an OPEC+ decision to cut oil production by two million barrels a day because it had decided to side with Russia in the ongoing Ukraine war.

Sheikh Mohamed bin Zayed al-Nahyan, president of the United Arab Emirates (UAE), met with Russian President Vladimir Putin in St. Petersburg to discuss “friendly relations” and “common interests.” 

On Saturday’s broadcast of MSNBC’s “Velshi,” Rep. Sean Casten (D-IL) said he has a difficult time “not seeing what OPEC has done as a direct response to what we have done in this Congress to give people access to cleaner

The September jobs report showed that the labor market was stronger than expected, which probably locks in another 75-basis point hike when Federal Reserve officials meet again next month.

President Joe Biden’s anti-drilling policies have cut oil supplies as much as the decision Wednesday by OPEC+ to slash two million barrels of oil production, an analysis by the Committee to Unleash Prosperity shows.

The Department of Labor will issue its report on September payrolls, unemployment, and wages on Friday. It may be the most hotly anticipated jobs report in recent memory.

The White House on Wednesday accused the Organization of the Petroleum Exporting Countries (OPEC+) of siding with Russia by deciding to cut oil production.

“Do not taunt your neighbor with the blemish you yourself have,” the Talmud instructs us.

The White House on Wednesday expressed frustration that OPEC+ decided to cut production and announced additional releases of America’s oil reserves in an attempt to keep prices low.

On Tuesday’s broadcast of the Fox News Channel’s “Fox News @ Night,” Sen. Marsha Blackburn (R-TN) argued that because of the Biden administration’s energy policies, and the large amount of American debt that is held by OPEC member nations, the

On Tuesday’s broadcast of the Fox Business Network’s “Kudlow,” Sen. John Hoeven (R-ND) stated that OPEC sees the Biden administration draining the Strategic Petroleum Reserve and OPEC cutting production is “like jiu-jitsu.” And “They’re going to make the administration” buy

On Wednesday’s broadcast of the Fox News Channel’s “America’s Newsroom,” White House NSC Coordinator for Strategic Communications John Kirby said that the United States needs to be less dependent on foreign oil and that’s why President Biden “has issued more

On Wednesday’s broadcast of the Fox News Channel’s “America’s Newsroom,” White House NSC Coordinator for Strategic Communications John Kirby defended President Biden’s Saudi trip as “not about oil.” And reacted to announced production cuts by OPEC+ by stating that OPEC+ has

A stinging rebuke to the Biden administration.

On Tuesday’s broadcast of CNN’s “The Lead,” CNN Senior National Security Correspondent Alex Marquardt reported that the White House is “panicking” over the prospect that OPEC will cut oil production and is engaging in a “furious, last-ditch, wide-scale effort” to

Oil prices rose by almost $4 per barrel on Monday with news that OPEC+, the expanded Organization of Petroleum Exporting Countries that includes Russia, could announce its largest production cut in years during its meeting this week. 

The Secretary General of the Organization of Petroleum Exporting Countries (OPEC), Haitham Al Ghais, traveled to Venezuela on Tuesday to meet with socialist dictator Nicolás Maduro, touting the “key role” of Venezuelan oil in the international market.

IRAQ – For President Joe Biden, a renewed Middle East crisis lurks just as the Afghan withdrawal debacle enters the rearview mirror and record-high gas prices continue to retreat.

OPEC+, a grouping that includes Saudi Arabia and its Organization of Petroleum Exporting Countries plus Russia, slapped President Joe Biden’s pleas for increased oil production aside with a smaller-than-expected boost for August — and production cuts are reportedly on the table for September.

On Wednesday’s broadcast of “CNN Newsroom,” White House Senior Adviser on Energy Security Amos Hochstein said OPEC’s increased oil output of 100,000 barrels a day won’t have a significant impact on the prices Americans pay. Co-host Jim Sciutto asked, “OPEC has

The tiny increase is being described as an insult to President Biden.

Ryan Lance, CEO of ConocoPhillips, warned at a Houston Producers Forum on Tuesday of upcoming crude oil shortages and price volatility, citing limited spare capacity of the Organization of the Petroleum Exporting Countries (OPEC) cartel and slow U.S. fossil fuel output going forward.

On Monday’s broadcast of MSNBC’s “Yasmin Vossoughian Reports,” National Security Council Coordinator for Strategic Communications John Kirby stated that after his trip to Saudi Arabia, President Joe Biden “feels optimistic that in two, three weeks, there could be some future

Oil prices jumped on Monday, ending a modest price slump caused not by President Joe Biden’s unsuccessful effort to beg Saudi Arabia to increase production, but rather by China’s economy-crushing coronavirus lockdowns and fears of a recession.

API said Biden nixed invites from U.S. oil and gas leaders to visit domestic sites, instead visiting Saudi Arabia to get more fossil fuels.

The Kingdom of Saudi Arabia’s General Authority for Statistics (GASTAT) published a report on Thursday that showed the oil industry booming with ten-percent growth, thanks in no small part to President Joe Biden’s attack on the American energy industry, while unemployment fell to 10.1 percent, its lowest level since 2008.

Secretary of Energy Jennifer Granholm said Sunday on CNN’s “State of the Union” that she thought President Joe Biden will meet with Crown Prince Mohammed bin Salman during the president’s upcoming trip to Saudi Arabia.

Recent OPEC oil production numbers show the cartel’s members are missing their production targets, jeopardizing President Joe Biden’s upcoming visit to Saudi Arabia to request more oil imports.

The Saudis have scored a great diplomatic victory by winning a Biden visit and whatever other favors the administration has promised the kingdom in exchange for more oil. Unfortunately, none of this will help American motorists.

On Tuesday’s edition of “Bloomberg Markets,” Alberta Premier Jason Kenney said he has no idea why the Biden administration is begging OPEC to ship more energy and exploring lifting sanctions on Venezuela and Iran to address gas prices while remaining

On Thursday’s broadcast of the Fox Business Network’s “Cavuto: Coast to Coast,” Sen. Roger Marshall (R-KS) stated that the Biden administration canceling oil and gas leases creates uncertainty that prevents investment in domestic energy production, and this will be taken

At a meeting of the Organization of the Petroleum Exporting Countries (OPEC) on Thursday in London, the oil cartel voted on a modest production increase and announced that the organization is not to blame for the disruptions and price increases since Russia invaded Ukraine in late February.

Some of the members of OPEC are near or already at production capacity, so even higher quotas will not add to global supply.

Saudi Energy Minister Prince Abdulaziz bin Salman said on Tuesday recent attacks on Saudi oil facilities by Yemen’s Houthi terrorists have compromised Riyadh’s ability to supply the globe with sufficient energy, the Associated Press reported.

Saudi Arabia raised its oil prices in markets across the world on Monday, in some cases to all-time highs, as many customers remain reluctant to buy deeply discounted oil from heavily-sanctioned Russia. The Organization of Petroleum Exporting Countries (OPEC) is due to meet on Thursday to discuss production for May, when analysts expect more price hikes could occur.

Aramco, also known as the Saudi Arabian Oil Co., announced Sunday its net profit doubled last year as global growth recovered from the coronavirus downturn.