Daily Archives: 7. Oktober 2022
The Saudi snub of Biden is a disaster. Democrats must respond.
Republicans are surely excited about the news that a group of oil-producing countries led by Saudi Arabia and Russia will slash oil production by 2 million barrels per day. In addition to threatening the global economy, it also could mean the specter of higher energy prices heading into the midterm elections, bolstering GOP attacks at a time when their potency has faded.
Biden’s Choice After OPEC Cuts: Woo Saudi Arabia, or Retaliate?
Senator Chuck Schumer of New York, the majority leader, said Saudi Arabia’s decision to ally with President Vladimir V. Putin’s Russia to shore up oil prices was a grave mistake.
“What Saudi Arabia did to help Putin continue to wage his despicable, vicious war against Ukraine will long be remembered by Americans,” he said. “We are looking at all the legislative tools to best deal with this appalling and deeply cynical action.”
Biden zu Beschluss der OPEC+: Wir prüfen Alternativen
(06.10.2022)
US-Präsident Joe Biden hat enttäuscht auf die Entscheidung der Ölallianz OPEC+ reagiert, die Ölproduktion zurückzufahren. Auf die Frage, was seine Reaktion sei, sagte Biden gestern in Washington schlicht: „Enttäuschung.“
Oil Prices Jump As OPEC+ Considers 2 Million Bpd Production Cut
(04.10.2022)
The first rumor was that Russia was pushing OPEC+ to implement a 1 million bpd production cut. The group was later reportedly considering a production cut between 500,000 bpd and 1 million bpd. Shortly after, yet another source said that OPEC+ was considering an even larger cut of more than 1 million bpd. The latest news from OPEC+ delegates suggests that the group is considering yet another option: a 2 million bpd cut.