US-Saudi oil rift: What happens next? ...Kuwait

On 5 October, the Saudi- and Russian-led OPEC Plus cartel announced an oil production cut of two million barrels a day following a fall in oil prices from $120 to $80 since early June. Widespread outrage in Washington has resulted, with US officials seeing the move’s timing as particularly damaging. With America’s mid-term elections coming up next month, the war in Ukraine raging on, and the global economy facing major challenges, the Biden administration worries greatly about the ramifications of the cartel’s production cut. Mindful of the White House’s sustained efforts to convince the Saudis and other oil-wealthy Gulf Cooperation Council (GCC) states to boost produ

Hence then, the article about us saudi oil rift what happens next was published today ( Wednesday 19/10/2022 - 07:28 PM ) and is available on The New Arab ( Kuwait ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( US-Saudi oil rift: What happens next? )

Also on site :

• Meet the ex-Google CMO who quit with a seven-figure package by 28—he says getting promoted was easy because he just ‘disregarded all the rules’
• Sivers Semiconductors Announces Availability of Daybreak™ 5G/6G Advanced ICs For Emerging FR3 Applications
• REGENXBIO Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - RGNX