Published 2 years ago

What OPEC alliance’s oil production cuts could mean for consumers

Summary by Ground News

OPEC is planning to slash oil production by 2 million barrels per day in November. It is the biggest cut since the start of the pandemic. Gas prices hit their highest point in June, when the national average reached $5 per gallon. Nebraskans will still see an impact on their pockets ahead of holiday season.

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The Telegraph

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2 years ago·London, United Kingdom

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NBC News

What OPEC alliance’s oil production cuts could mean for consumers

OPEC announced Wednesday that the group will slash oil production by two million barrels per day, sparking immediate concerns that gas prices will soar after weeks of declining prices. NBC News’ Allie Raffa and head of petroleum analysis at Gas Buddy, Patrick de Haan, explain how the White House is responding to OPEC’s announcement and what it could mean for gas prices around the world.

2 years ago·United States

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MSNBC

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Independent oil trader Dan Dicker joins Chris Hayes to discuss the implications of OPEC and Russia’s attempt to raise oil prices by cutting production.

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ABC News 8 Lincoln KLKN

What OPEC's oil cut could mean for Nebraska consumers

LINCOLN, Neb. (KLKN) – Gas prices are rising again, but they won’t get as high as they did in the summer, experts say.The Organization of the Petroleum Exporting Countries is planning to slash oil production by 2 million barrels per day in November.It is the biggest cut since the start of the pandemic.Economic experts like Creighton University’s Ernie Goss say gasoline prices might go up, but the impact will be limited.“I expect gasoline prices …

2 years ago·Lincoln, United States

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