Page 50 - Pec News Today

Gulf Cooperation Council (GCC) Secretary General Dr. Nayef Al Hajraf welcomed the Saudi Ministry of Foreign Affairs rejection of the statements against Saudi Arabia following the announcement of the OPEC+ decision.

Follow the trend in rising gas prices and find the best deals on gas in Massachusetts and Rhode Island.

The OPEC+ production cut may be enough to get the Biden administration to rethink the U.S. relationship with Saudi Arabia.

Russia believes that it will keep its oil production at 9.9 million barrels per day not only in October but through until 2025

In an exclusive interview with CNN, President Biden said that Saudi Arabia would face consequences for what they have done with Russia

The events of the last week should at least serve as a reminder to the Biden administration that Saudi Arabia’s interests will not always align with those of the United States.

Although the United Arab Emirates and the United States have maintained a close security partnership, Abu Dhabi resisted U.S. efforts to side against Russia following the invasion of Ukraine.

US President Joe Biden said told American broadcaster CNN he wouldn't 'get into what I'd consider and what I have in mind', but said 'there will be consequences'.

“There simply is no room to play both sides of this conflict — either you support the rest of the free world in trying to stop a war criminal from violently wiping ... an entire country off of the map, or you support him,” Sen. Robert Menendez said.

The Cabinet also touched upon the outcomes of the 33rd OPEC and non-OPEC ministerial meeting, noting the pivotal role played by OPEC+ group in achieving balance and stability in the global oil markets, thus supporting the global economy.