What OPEC's surprise oil cut means for gas prices | CNN Business

OPEC and its allies’ surprise move to slash oil production will soon be felt at US gas pumps. The group known as OPEC+ announced Sunday it would cut oil production by more than 1.6 million barrels a day starting in May, running through the end of the year. The news sent both Brent crude futures, the global oil benchmark, and WTI, the US benchmark, up about 6% in trading Monday.

the most closely watched wholesale gasoline price, was up about 8 cents a gallon, or about 3%, in morning trading. “I think OPEC is reawakening the inflation monster,” said Tom Kloza, global head of energy analysis for OPIS, which tracks gas prices for AAA. “The White House has to be shocked and major-time pissed. It certainly alters the calculus for a while.” The national average for US gas prices stood at $3.51, on Monday, according to AAA. Kloza said he could see it getting up to $3.80 to $3.

The US will be stealing more and more oil from Libya , Syria and Iraq .

I may be wrong, since I am not a full blown Christian, but does the Bible not indicate the 'end of the world' will take place from the North of Africa and the UAE? I stand to be corrected. No fear of Russia. There is more to come. This is not a conspiracy theory.

At least we still have our reserves! Oh wait.

POTUS DNC What’s the plan for America? We are already struggling.

And our oil field are still closed to satisfy oil cartels called opec.

Why I scared for… we can just switch to “green energy” aka, Liberal farts…🤷🏿‍♂️

NO more money to the middle east.

While this may not be an issue that affects everyone, I certainly do not want to pay significantly more in gas. SOWK35023

Greed is the root of all evil

Are they going to stick fuel nozzles up people's noses?

that's why they are called a cartel vs a marketplace. turn the taps on & off at will to manipulate prices and when making so much obscene profit can afford to do it.

So how is Joe going to spin this one?

Needs to be tested. Hard to trust

I am not going to get vaccinate using a Gas Nozzle. Forget it.

Thru a gas nozzle?

Absolute bollox

Lol the article & tweet do not match

Go home, CNNi. You’re drunk.

Good job, CNN 😂

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

OPEC producers announce voluntary oil output cuts | CNN BusinessSaudi Arabia and other OPEC+ oil producers on Sunday announced voluntary cuts to their production, with Riyadh saying it would cut output by 500,000 barrels per day, or bdp, from May until the end of 2023, state media reported. So gas prices going up? amusingly Go ahead and make the price of oil go up, it will make it profitable to extract in the USA again.
Source: CNN - 🏆 4. / 95 Read more »

Welcome to the era of viral AI generated 'news' images | CNN BusinessThe rise of a new crop of buzzy artificial intelligence tools has made it cheaper and easier than ever to create realistic-seeming images, audio and videos. And these images are likely to pop up with increasing frequency on social media. Wherein cnn is upset that now others can spew fake news… Making it even easier for conartists to con people. True_Allah_Kabir पुस्तक 'फजाईले आमाल ' 99 मुसलमानों की एक विश्वसनीय पवित्र पुस्तक है जो हदीसों में से चुनी हुई हदीसों का प्रमाण लेकर बनाई गई है। फजाईले आमाल में एक अध्याय फजाईले जिक्र है। उसकी आयत नं. 1, 2, 3, 6 तथा 7 में कबीर अल्लाह की महिमा है Baakhabar Sant Rampal Ji
Source: CNN - 🏆 4. / 95 Read more »

Starbucks fires Buffalo union worker who 'ignited a movement' to organize | CNN BusinessStarbucks has fired a Buffalo, New York, worker who 'ignited a movement' from one of the first stores in the coffee chain to unionize, Starbucks Workers United said Friday. Starbucks is overpriced and overhyped. It would be better off, letting their managers run the store and not even have a chief operating officer. An outlandish waste of money. Just because you're in the Union does not mean you don't get fired
Source: CNN - 🏆 4. / 95 Read more »

Swiss prosecutor probes Credit Suisse takeover | CNN BusinessSwitzerland's Federal Prosecutor has opened an investigation into the state-backed takeover of Credit Suisse by UBS Group, the office of the attorney general said Sunday. Learn about the religion of Islam
Source: cnni - 🏆 326. / 59 Read more »