Higher gas prices possible as Saudi Arabia cuts oil supply
Summary by Ground News
18 Articles
18 Articles
Saudi Arabia is slashing oil supply. It could mean higher gas prices for US drivers
FRANKFURT, Germany (AP) -- Saudi Arabia will reduce how much oil it sends to the global economy, taking a unilateral step to prop up the sagging price of crude after two previous cuts to supply by major producing countries in the OPEC+ alliance failed to push oil higher. The Saudi cut of 1 million barrels per day, to start in July, comes as the other OPEC+ producers agreed in a meeting in Vienna to extend earlier production cuts through next yea…
·Albuquerque, United States
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Total News Sources18
Leaning Left14Leaning Right0Center2Last UpdatedBias Distribution88% Left
Bias Distribution
- 88% of the sources lean Left
88% Left
L 88%
13%
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