OPEC+ said Wednesday that it will slash oil production by 2 million barrels per day, the biggest cut since the start of the pandemic, in a move that threatens to push gasoline prices higher just weeks before US midterm elections.
The group of major oil producers, which includes Saudi Arabia and Russia, announced the production cut following its first meeting in person since March 2020. The reduction is equivalent to about 2% of global oil demand. — This is a developing story and will be updated.
Gas up pirate gouging oil companies getting the nod from oil cartel to raise prices again. OPEC RAISING OUR GAS PRICES,WHOSE OIL IS IT ANYWAY
Why does CNN always have democrats on tv? Why not ask repubs too. Trump this Trump that. Lets take a look at what the CURRENT pres is doing. crap 💩 diarrhea 🩲 bugsbunny
They called us to reduce oil production taking into account climate change and global warming as they claim When the Russo-Ukrainian War broke out they threw the climate away and demanded more production If you are looking for your interests, we are also looking for our interests
Good ! United States is Currency Manipulators !
Biden needs to do two things. First he should stop all alarms and military supplies to Saudi Arabia. Second he should ease up on permits for US firms to drill in the US. Long term we need to go to clean energy but in the short term we need to stop OPEC AND ARABIA
Looks like Biden gave us our current oil crisis all by himself and has no one to blame now. US oil needs to be unleashed to prevent recession.
cnn published this in 2019. US oil imports from OPEC plunged to a 30-year low in March 2019, according to a report published on Thursday by the US Energy Information Administration. The imports, totaling 1.5 million barrels per day, have tumbled by about 75% over the past decade
Democrats finally BAILING ON BIDEN. Say NO in November to Democrats.
This is what you get when you sell your oil to foreign countries and then expect to buy it back from outside sources! Joe took away our independence!
Good morning I can never stop talking to see when the little one going down and no one there to help I’m talking i’m talking about country like Haiti.
OPEC must be working for Russia. This will only help Putin!
If we were still energy independent we could all yawn and not care. Instead Joe is on his knees groveling to OPEC + RUSSIA. He was handed a winning lottery ticket, ran it through the wash & never cashed in (it’s ok, tomorrow he’ll forget it and start from square one again)😥🇺🇸😥
The US is now being disrespected as Trump warned
The US has no say anymore
It time to have a part shortage for Saudi Air.Force
Ok America you need to hold strong against this coup by OPEK to affect our election. Don't lose your conviction to vote blue because of gas prices going up. It's just a strategy to influence your vote and imprison your freedoms.
The longer they keep their Oil 🛢 the more $$$ in the future?
Serve us right for being to chummy with them.
But America gets oil from Canada and we have a petro dollar. You can't price gouge us. That was funny though.
，
This is bull crap. Republicans will make us pay so they can blame it on Biden. They dot care about the people only power.
Great News 😍
Hoards
Of course they do. This helps GQP so they can keep pushing for “clean coal” and “clean gas” helping slow down renewable energy
😂😂😂
Blame those making troubles in the world. If Ukraine remained neutral country , Russia will not invade it , therefore the world current situation is not existing
Really hard on folks that have to travel far for medical procedures.
Stop selling them weapons
Whatever they can do to fuck us. Thanks.
The effects of the EC in the EU, against the reduction of the price of Russian oil, have been nullified by the OPEC decision. The price of oil will rise, and deliveries will cause a vacuum in the supply.
I bet 45 is clicking his heels (if he could)
I think you missed something... They are taking our reserve again
wow the slap
When will CNN cover Bobulinski and the Biden corruption? It is obvious CNN is suppressing the story. Not one ounce of journalist integrity. Laptops and a whistle blower with evidence and crickets from MSM and the FBI
Pretty obvious Russia wants the sympathisers to win.....
Stand with us StopHazaraGenocide
Thanks JoeBDividin' PainAtThePumpJoe
per agreement with the Dark Forces
They need money for the elections. Conmerica is the greatest con.
I wonder how many top secret documents were exchanged in payment for that move.
BuildBackBetter … LOL
Just in time for winter !
World is laughing at us. Clown 🤡 show
This a good……for many of Biden voters less oil production is desired. They want us to suffer in our transition to alternatives. They want our standard of living to go down. News recently reported Biden trying to get Congo to pump less oil also.
Vile
Not our friends,never have been...except for the Bushes
And more good news thanks to Biden admin….
They can raise gas prices, crash the stock market or whatever they want to do, Americans have seen enough of this foolery and know what we have to do!
2% of global production? At $4.30 a gallon , fuel should then only go up 2%~like 8¢. Riiiiiight.
Pass out the KY jelly because I heard Biden whispering in my ear. Zero inflation and gas is $2.99 a gallon!😂😂😂😂😂😂😂😂😂😂😂
Whelp …
Think they are trying to interfere with the mid-terms? Timing is suspicious to me.
People screaming, we need to stop American oil production to fight climate change. Now everyone is ticked at OPEC for slowing production down? Lol
The OPEC oil production cut is not about economics at all. It’s about influencing the American Elections helping Russia with Ukrainian, pressuring Europe, all to destroy DEMOCRACY. This is an attack on the U.S.
If only we could just make our own oil here? I guess that’s impossible
I stopped caring once I found out that oil isn’t actually dinosaur blood. Really bummed me out.
Good job using up all of our StrategicOilReserves, JoeBiden! Not like those reserves are important anyway, not like there's global tensions between Super Powers right now that could result in conflicts or war! Trump2024
Thanks Biden for making us energy dependent again...Green energy is going to bring this country to its knees...welcome to the 18th century.
Good thing we can negate ill effects of this by getting more flow from the Keystone XL pipeline...oh wait...😒
OPECSecretariat your greedy! opecgreedy
Excellent news, give the voters what they voted for, hope gas hits $10+ a gallon
Not good news at all.
Threatens to push gas prices higher before an election? You mean just like draining your petroleum reserves to lower them just in time for an election?
The extremist leftists must learn how to live a primitive life and depend on wood because winter is coming. They attack us with all their media apparatus and agents and try to impose a dirty culture on other countries in the name of human rights.
Buried in the article “An announced cut of any volume is unlikely to be fully implemented by all countries, as the group already lags 3 million barrels per day behind its stated production ceiling.”
Why do I wonder if somehow TFG is involved with this? Or better yet Jared?
Start getting your bicycles out. 🙄
Joe Bidens fault, hes goning to have people freezing to death this winter. He depleted our Spr, gasoline will be over 5 dollars a gallon this winter. Biden wants this. You did it Joe.
the pros of money from the oil world are gonna show us how it’s done
Political tactics
Thanks Biden
OPEC decision to cut Oil Production is giving many signals here are some.... 1)OPEC is giving US a middle finger. 2) There's Putin's hand in today's OPEC decision. 3) Saudi Arabia is fed up with US 4) The center is no longer holding in EU&US and power is shifting towards BRICS
Still blaming biden hicks?
Bobulinski
Now we know why saudí personnel's were playing golf in Mar-Lago besides knowing there were classified documents in the promise. 🤦♂️
Proud to be from SAUDI ARABIA 🇸🇦
GREED is a Cruel, Cruel BIZZNITCH!!!
This is very good for climate change.
Funny that opec will reassess after the midterms. That they’re making this move right before the midterms. The two main are Russia and Saudi Arabia. Didn’t the saudis give kushner millions? Wasn’t trump golfing recently with them.
Biden should give Them more weapons. It obviously wasn’t enough.
Be our voice. The Islamic Republic of Iran is killing and torturing people. Help us be heard in the world. نیکا_شاکرمی مهسا_امینی
Nika was a 17-year-old girl who disappeared on 20 September 2022 in Tehran during the protests. She was found dead ten days later. According to the forensic doctor, she was repeatedly raped and tortured for eight days. her body was stitched up from the stomach to the chest
The politics of oil. Sad.
They want Biden out, maybe we should cut or weapon shipments to them!!
Well, it is good to know that the Saudis are pretty open about election interference. But, they do hate America and they see an opportunity to collapse it from within by getting Republicans in power. They must be viewing America as weak if they are feeling so emboldened.
Please remind people in your reporting that OPEC had been pumping a huge amount of oil before this drop so this might not be the horrific event you are making it out to be.
Top three selling autos in the US - 2022 3. Dodge Ram Truck - 363,089 units 2. Chevrolet Silverado Truck - 374,479 units 1. Ford F-Series Truck - 467,307 units Gasoline can go to $6.00/gallon and Americans will continue to purchase it (and the Government taxes each gallon pumped)
The dems will say that’s interfering with an election. 😂😂
Such corruption, and no one does or says anything
FuckOPEC
Unfortunately, Biden had no impact w/the Saudis to stop this and will now need to refill our reserves at much higher prices. Even as demand destruction puts downward pressure on prices, OPEC+ is ready to defend any declining price with cuts. Have we lost any influence with OPEC+?
Still voting 💙
Guess you can tell who they want to win. Sure tells you something
Who cares about the midterms it effects the globe not just you USA
Higher gas price, more inflation, more recession. According to libs thats a Biden win 😂😂😂
Hope all the Trumpers know it’s Trump’s buddies that are doing this. But we know they’ll just blame Biden.
How are people blaming Biden for what OPEC+ is doing? The POTUS, no matter who it is, has no control over OPEC. Might as well blame Biden for the hurricanes while your at it.
Dicks
Thats those Republicans at work, that you support. They are behind and gotta do something
Stupid move considering US is ramping up EVs.
Just cruelty OPEC
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