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Fuel may once again become more expensive after weeks of falling prices at the pumps following a decision by oil producing countries to slash production for the first time since the peak of the Covid-19 pandemic. Members of the Opec+ group said the September 5, 2022, decision to reduce supply is needed to bring about stability as oil prices fall amid slowing global demand because of inflation. Opec+ comprises Organisation of Petroleum Exporting Countries (Opec) members, along with other oil-producing nations including Russia which take part in Opec initiatives.
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37 Comments
New world order
More Europeans will come to the East globe before this winter I guess. Can help boost our tourism at least.
Yes, there is so much oil left in the wells, they need to start curbing and stand strong!
now eleminate all sanksi for cooperate intra country is the best 🙏🙏🙏🇮🇩🇮🇩🇮🇩
Oil isn't a renewable energy
This will add even more pain to China's economy.
Yeah exactly, oil prices are SET (by someone) to rise again. Always.
Albania will help
Next: Multiple Saudi Sultans mysteriously murdered.
Greed
So dumb of the EU to follow with through with the US in provoking Russia in the field of oil & gas when they primarily rely on imports, whereas the US has its own wells and a massive reserve that can keep it going. As usual, trying to please papa (US) whilst failing their own people
Looks like fraud is back in demand !
Money root of all evil an greed.
The rich will get richer by doing this will raise the price of oil.
Buy from Russia at a cheaper price. Dont follow US sanctions of Russia. Every country has a right to run their own country and buy from wherever is the most economical for them. People should not suffer because US says sanction to Russia.
When those preaching democracy are dictating the world life become harder……..fuel cap…kkkkkk
This is a whole chess game here. place your bets. Who will pivot first fed or opec? My money is on Fed LOL
Big round of applause to the rulers of earth, now, we the simple will suffer.
Sanction terrorist USA.
You mean the people with the most supply can dictate price based on demand? Say it aint so.
two years ago i remember canada was selling their oil at 5 bucks a barrel
The US will bring democracy to those OPEC countries, again.
Guess we'll have to stop driving…
It's a dog eats dog world
“Winter is Coming” memes incoming
So OPEC is part of the countries trying to meddle with the US midterms. 4weeks to go & the sabotage & pressure tactics are escalating. Makes you wonder, how much control did trump give these a-holes over the US during his term??? Right???
Means gold and other materials will increase in price v soon. Aka Steel etc etc
We need to stop the usage of gas. We need to innovate our energy sources
More reason to switch to renewable energy source, eh?
Putin has something to do with this. Oil prices going up just before winter and the US mid terms? Revenge is coming!
Who develop Saudis oil?
india 😢
If India can graspe this change, we will soon become the next superpower.
Biden did well to clearly plan the energy collapse of Europe
What kind of people running America? The world should thank Joe Biden for the increased cost of living around the world.
No one is complaining that Saudis / OPEC is weaponising gas.
It is so arrogant that the west think the oil countries are responsible to sell cheap oil to prop up their economies. Europe would buy as much oil as they could. You can pretty much forget about the low and middle income countries regardless.
OPEC+'s decision reflects that petrodollar has lost its most important pillar, and the petrodollar can be expected to collapse very soon
recalling Bretton Woods system may be last resort for rescuing USD