OPEC+

Why is Saudi Arabia reducing its oil production?

Saudi authorities have stated it was a consensus among OPEC+ member states.

Biden vows consequences for Saudi Arabia after OPEC decision

President Joe Biden pledged on Tuesday "there will be consequences" for US relations with Saudi Arabia after OPEC+ announced last week that it would cut oil production over US objections.

OPEC+ oil output cut shows widening rift between Biden and Saudi royals

The OPEC+ organisation's decision this week to cut oil production despite stiff US opposition has further strained already tense relations between President Joe Biden's White House and Saudi Arabia's royal family, once one of Washington's staunchest Middle East allies, according to interviews with about a dozen government officials and experts in Washington and the Gulf.

OPEC+ heads for deep supply cuts, clash with US

OPEC+ looks set for deep cuts to its oil output targets when it meets on Wednesday, curbing supply in an already tight market despite pressure from the United States and others to pump more.

October 23, 2022
October 23, 2022

Why is Saudi Arabia reducing its oil production?

Saudi authorities have stated it was a consensus among OPEC+ member states.

October 12, 2022
October 12, 2022

Biden vows consequences for Saudi Arabia after OPEC decision

President Joe Biden pledged on Tuesday "there will be consequences" for US relations with Saudi Arabia after OPEC+ announced last week that it would cut oil production over US objections.

October 8, 2022
October 8, 2022

OPEC+ oil output cut shows widening rift between Biden and Saudi royals

The OPEC+ organisation's decision this week to cut oil production despite stiff US opposition has further strained already tense relations between President Joe Biden's White House and Saudi Arabia's royal family, once one of Washington's staunchest Middle East allies, according to interviews with about a dozen government officials and experts in Washington and the Gulf.

October 5, 2022
October 5, 2022

OPEC+ heads for deep supply cuts, clash with US

OPEC+ looks set for deep cuts to its oil output targets when it meets on Wednesday, curbing supply in an already tight market despite pressure from the United States and others to pump more.

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