Oil prices surged after Saudi Arabia and some other oil producers announced they're reducing their oil output. That will send gas prices higher – and benefit energy companies in the U.S.
A person goes to the pump at a gas station in Arlington, Va., on July 29, 2022. Gas prices have come down significantly since peaking last year but they could rise again after Saudi Arabia and other countries said they would collectively cut oil production by more than one million barrels.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
In a Surprise Move, Saudi Arabia, Others Announce Oil CutsHigher oil prices would help fill Russian President Vladimir Putin's coffers as his country wages war on Ukraine and force Americans and others to pay even more at the pump amid worldwide inflation.
Leer más »
Saudi Arabia and other major oil nations announce cuts to production, potentially raising pricesSaudi Arabia and other major oil producers on Sunday announced surprise cuts totaling up to 1.15 million barrels per day from May until the end of the year, a move that could raise prices worldwide.
Leer más »
Bond yields rise after Saudi Arabia and allies say they will cut oil productionBond yields rose on Monday after a surprise move by Saudi Arabia and its allies to cut oil production, further stoking fears on inflation.
Leer más »
U.S. and Saudi Arabia on collision course over oil cutsThe decision strikes a new blow to the souring relationship between the U.S. and Saudi Arabia, the latter of which has moved closer to Russia and China.
Leer más »
Saudi Arabia’s Oil Production Cuts Reflect Cost of Reshaping EconomyAn oil production cut by Saudi Arabia and its allies demonstrated how Crown Prince Mohammed bin Salman is willing to set aside U.S. concerns to pursue a nationalist energy policy aimed at funding an expensive makeover of his kingdom
Leer más »
Oil stocks jump on Saudi oil production cutOil stocks jumped premarket Monday after Saudi Arabia’s Ministry of Energy led a surprise oil production cut across several OPEC+ nations. On Sunday the...
Leer más »