OPEC
October 16, 2022 | Jack Phillips
OPEC Members Line Up to Back Oil Production Cut After US Claims Against Saudi Arabia
OPEC+ member states lined up on Sunday to endorse a steep production cut agreed upon earlier this month following accusations from top Biden administration officials against the Saudi government. Iraq, the second largest producer in OPEC, said the move was based on economic indicators and done unanimously. “There is complete consensus among OPEC+ countries that […]
October 13, 2022 | Caden Pearson
Saudi Arabia Rejects White House Criticism of Oil Output Cuts, Says US Asked for Delay Until Midterms
The Saudi Arabian government on Wednesday night rejected White House criticism over a decision by a cartel of key oil-producing countries to cut production of the much-needed resource and confirmed the Biden administration requested it delay until after the U.S. midterm elections. Saudi Foreign Minister Prince Faisal bin Farhan Al Saud also accused the U.S. […]
October 12, 2022 | Joseph Lord
Democrats Introduce Bicameral Bill Banning Arms Sales to Saudi Arabia After OPEC+ Decision
Sen. Richard Blumenthal (D-Conn.) and Rep. Ro Khanna (D-Calif.) on Oct. 11 introduced legislation that would ban arms sales to Saudi Arabia for a year. Saudi Arabia, long one of the best allies of the United States in the otherwise turbulent and hostile region, has faced attacks by Democrats recently due to a decision by […]
October 9, 2022 | Reuters
OPEC Oil Cuts Bad for Global Economy, Says Yellen
Treasury Secretary Janet Yellen said a decision by the OPEC+ grouping to cut oil production was “unhelpful and unwise” for the global economy, especially emerging markets, the Financial Times said on Sunday. “We’re very worried about developing countries and the problems they face,” Yellen told the newspaper in an interview. She also criticized allies for […]
October 7, 2022 | Evelyn Li
Oil Prices Will Rise From OPEC+ Production Cut, but Moderately: Energy Expert
OPEC+ decided to cut oil production by 2 million barrels a day to boost oil prices despite pressure from the Biden administration to pump more. NTD spoke to energy expert Tom McNulty for his insights.
October 6, 2022 | Kevin Hogan
NTD News Today Full Broadcast (Oct. 6)
A former policeman killed dozens of people including more than 20 children in a knife and gun rampage at a daycare center in Thailand today.
The United States responds to OPEC’s oil production cuts. One Democrat lawmaker is calling to boost the U.S. energy sector while the White House takes a different approach.
A secret list of Documents seized at Mar-a-Lago was published online. And a court agreed to speed up an appeal by the Biden Administration regarding the special master appointment.
October 6, 2022 | Kevin Hogan
37 Dead, Including 22 Children, in Thailand Day Care Rampage; Manchin Calls on US to Boost Energy | NTD News Today
A former policeman killed dozens of people, including more than 20 children, in a knife and gun rampage at a day care center in Thailand on Oct. 6. The United States responds to OPEC’s oil production cuts: One Democrat lawmaker is calling to boost the U.S. energy sector while the White House takes a different approach. […]
October 6, 2022 | Tom Ozimek
Saudi Arabia Surprises Markets by Holding Oil Prices Steady Despite OPEC+ Cuts
Just a day after OPEC+ roiled the White House with its decision to slash oil production by 2 million barrels per day, the cartel’s key decision-maker Saudi Arabia decided to hold crude prices steady for Asian markets and lower those for Europe, defying market expectations for increases. Saudi Arabia’s state-controlled Saudi Aramco left November prices […]
October 6, 2022 | Tom Ozimek
Wall Street Boosts Oil Price Forecasts After OPEC+ Supply Cuts
Wall Street investment banks have raised their price forecasts for oil after OPEC+ moved to slash production by around 2 million barrels per day and squeeze supply in a snub to the Biden administration and its pleas to the cartel to pump more crude. While the White House reacted negatively to OPEC’s decision by accusing […]