From the desk of… An unsurprising October surprise ...Middle East

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October surprises are not really surprises anymore; they seem to happen so often during campaign seasons. And this year, only five days into the month, the first — but probably not the last — spasm of uncertainty disrupted the run-up to next month’s midterm elections. OPEC+, the cartel of oil-producing countries, announced it would slash production by 2 million barrels a day. Their goal is to raise prices — and profits — and rates responded immediately. As of this writing, the average retail price of gasoline in the United States had reached $3.92 a gallon, up 12 cents in just a week. A White House statement described President Biden as “disappointed by the shortsighted decision,” but that’s

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Last updated : 19 October 2022 clock 04:16 PM

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From the desk of… An unsurprising October surprise ...Middle East

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