OPEC’s oil supply reduction plays heavily in discussions. Last week, the Organisation of the Petroleum Exporting Countries (OPEC+) announced that they will be reducing their petroleum output by…
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OPEC+ is Reducing Oil Production
U.S. gas prices are expected to go up. OPEC+ announced plans to cut output of 2 million barrels per day beginning in November. The coalition, which includes OPEC,…
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President Expected to Tap Strategic Petroleum Reserve
The goal is to reduce prices at the gas pump. President Joe Biden is expected to release oil from the Strategic Petroleum Reserve in the coming days. The U.S.…
Read MoreAdministration Responds to Gas Production Question
Oil is controlled by OPEC, Energy Secretary said. At the international climate change conference in Glasgow, Scotland, President Biden was asked about the rising inflation, including prices at…
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White House Asks OPEC to Boost Oil Production
The national average for a gallon of gas is $1 over last year. The White House is calling on the Organization of the Petroleum Exporting Countries to boost…
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