U.S. bill pressuring OPEC+ after oil production cut gains momentum

Gas prices coming back up in Alabama after OPEC cuts production

Since Russia invaded Ukraine, there has been a strain on global oil supply because many countries have boycotted Russian oil and have had to look elsewhere for their crude oil.

Schumer rips Saudi Arabia over oil production cuts

Senate Majority Leader Chuck Schumer (D-NY) blasted Saudi Arabia for backing oil suppy cuts, saying that Congress is looking at its options on how to best handle the “appalling and deeply cynical action.”

Gas prices on the rise after OPEC+ cuts oil production by 2 million barrels

PROVIDENCE, R.I. (WLNE) — There are growing concerns over whether gas prices will start rising again after the international oil cartel OPEC+ announced that its cutting oil production by 2 million barrels a day. The group consists of oil-producing nations including Russia and Saudi Arabia. OPEC’s cuts in production are also expected to drive-up hearing and holiday travel costs as...

U.S. bill pressuring OPEC+ after oil production cut gains momentum

Top U.S. senators from both parties on Thursday gave momentum to a bill pressuring OPEC+ after the group this week announced a deep cut in oil production despite lobbying by President Joe Biden's administration to keep the taps open.

Republican U.S. senator seeks to advance bill pressuring OPEC+

WASHINGTON -- Republican U.S. Senator Chuck Grassley said on Thursday he will try to add his bill pressuring OPEC+ to an annual defense policy bill after the group this week announced an oil production cut. Read More

Energy & Environment — Schumer eyes ‘NOPEC’ bill after oil cuts

OPEC’s production cuts are both renewing interest in a bill that would make the cartel’s oil companies subject to lawsuits and prompting calls to reevaluate the U.S.-Saudi relationship. Meanwhile, President Biden is expected to designate a new national monument in Colorado next week.   This is Overnight Energy & Environment, your source for the latest…