OPEC To Cut Production more than a million barrels a day to raise price to $100+.

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.

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.


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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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