Page 33 - Third Bridge News Today

(NEW YORK) -- A group of oil-producing nations imposed a significant cut in oil output with far-reaching consequences for U.S. gas prices, industry analysts told ABC News. The alliance of countries known as OPEC+, led by Saudi Arabia and Russia, agreed on Sunday to cut oil output by 1.2 million barrels per day starting in

Subscribe today to the Washington Examiner magazine and get Washington Briefing: politics and policy stories that will keep you up to date with whats going on in Washington. SUBSCRIBE NOW: Just $1.00 an issue!

Starting next month, the oil-producing alliance will reduce production by more than a million barrels a day.

Alibaba has plans to split its $257 billion business empire into six distinct subsidiaries, but some employees worry about job security and less prosperous regions.

(NEW YORK) -- A group of oil-producing nations imposed a significant cut in oil output with far-reaching consequences for U.S. gas prices, industry analysts tol

Tetra Images/Getty Images(NEW YORK) -- A group of oil-producing nations imposed a significant cut in oil output with far-reaching consequences for U.S. gas prices, industry analysts told ABC News. The alliance of countries known as OPEC+, led by Saudi Arabia and Russia, agreed on Sunday to cut oil output by 1.2 million barrels per day starting in May, which amounts to removing roughly 1% of oil from the global market. Regardless of the production cut, prices typically rise in the summer due to a...

Tetra Images/Getty Images(NEW YORK) -- A group of oil-producing nations imposed a significant cut in oil output with far-reaching consequences for U.S. gas prices, industry analysts told ABC News. The alliance of countries known as OPEC+, led by Saudi Arabia and Russia, agreed on Sunday to cut oil output by 1.2 million barrels per day starting in May, which amounts to removing roughly 1% of oil from the global market. Regardless of the production cut, prices typically rise in the summer due to a...

Even though drillers are flush with cash after record profits last year, U.S. producers are unlikely to accelerate oil growth enough to make up for OPEC+’s surprise cuts, analysts and executives said.

A group of oil-producing nations imposed a significant cut in oil output with far-reaching consequences for U.S. gas prices, industry analysts told ABC News.

Tetra Images/Getty Images(NEW YORK) -- A group of oil-producing nations imposed a significant cut in oil output with far-reaching consequences for U.S. gas prices, industry analysts told ABC News. The alliance of countries known as OPEC+, led by Saudi Arabia and Russia, agreed on Sunday to cut oil output by 1.2 million barrels per day starting in May, which amounts to removing roughly 1% of oil from the global market. Regardless of the production cut, prices typically rise in the summer due to a...