OPEC+ Production Cut Angers United States
Last week's decision by the OPEC+ countries to cut their headline production limit by 2Mn barrels per day provoked some anger in the US.
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Last week's decision by the OPEC+ countries to cut their headline production limit by 2Mn barrels per day provoked some anger in the US.
Soaring global gas prices have sent a signal that more supply is needed. The US, soon to be the world’s largest LNG exporter, is responding to that demand “We have furnished the British great material support and we will furnish far more in the future. There will be no ‘bottlenecks’ in our determination to aid ...
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Oil benchmarks swing in $5 range throughout session
Speaking after today’s OPEC+ meeting, Ann-Louise Hittle, vice president, Macro Oils, at Wood Mackenzie, said: “After unusual pressure from the US administration to lift its production, OPEC+ announced it is boosting output by 400,000 barrels per day (b/d) for December, in line with its 18 July 2021 agreement. “This will be seen as disappointing by ...