Latest OPEC News
Biden dispatching top aide to meet with Saudi crown prince
WASHINGTON (AP) — President Joe Biden is dispatching one his top advisers to Saudi Arabia to meet with Crown Prince Mohammed bin Salman, the de facto leader of the oil-rich kingdom, later this week. White House national security adviser Jake Sullivan said Thursday he will travel to...
Gas prices surge in NJ, around nation after OPEC statement
TRENTON, N.J. (AP) — Gas prices surged in New Jersey and around the nation at large following OPEC’s announcement last weekend that it plans to cut production by more than a million barrels a day starting in a month. AAA Mid-Atlantic says the average price of a gallon of regular...
Oil producers' cuts could boost gasoline prices, help Russia
FRANKFURT, Germany (AP) — Major oil-producing countries led by Saudi Arabia said they're cutting supplies of crude — again. This time, the decision was a surprise and is underlining worries about where the global economy might be headed. Russia is joining in by extending its own...
Saudis, other oil giants announce surprise production cuts
DUBAI, United Arab Emirates (AP) — Saudi Arabia and other major oil producers on Sunday announced surprise cuts totaling up to 1.15 million barrels per day from May until the end of the year, a move that could raise prices worldwide. Higher oil prices would help fill Russian...
