The Organization of the Petroleum Exporting Countries Plus, or OPEC Plus, is considering cutting its oil output by more than 1 million barrels a day, Reuters reported Monday. The move threatens to anger the US, which is angling to keep oil production high and prices low, with a view to hit Russian oil revenues.
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This means oil prices could touch “$100 per barrel,” Viktor Katona, an energy analyst at Kpler, told Insider. That’s up from the current levels of around $87 per barrel.
www.businessinsider.com/opec-mulls-oil-production-cut-risks-angering-us-2022-10
Brandon’s trip to Saudi Arabia has paid off, right?(sarc)
So back to $5 a gallon and if don’t like it buy an over priced EV.
h/t Remedial_Rebel
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