Oil, gas and mining

Oil jumps as OPEC and its allies announce a surprise output cut



Oil prices surged 8% after OPEC+โ€™s surprise output cut. CNBC’s Dan Murphy and Hadley Gamble report.

34 Comments

  1. I hope this spurs a huge buying spree of EVs. The cheap gas in the US has kept Americans in lousy low MPG vehicles.
    I like this. Americans won't get off oil if they aren't forced to.

  2. Ok ties into the subterranean desertification caused by the removal of thermal protective substances.

    The core heat then gets to surface causing all sorts of issues.
    That heat loss from core then changes the magma viscosity and thus the observation you have made.

    That heat especially changes the tropical currents causing the meteorologic extremes.
    The emissions greenhouse gases the leaders try to download the responsibility to future generations.
    This removal of our reflection shield pools of crude oil being the purpose in our spacecraft Earth Ark..

    Well the cost of so called fossil fuels is much greater knowing this!

  3. Not Surprise at all
    Fed Hawkish = OPEC Hawkish
    Fed Dovish = OPEC Dovish
    High demand more output ,Low demand less output
    The issue is NATO can't figure this

  4. WHY BIDEN HAS TO BE THE LORD WHY ??? CANT ANY COUNTRY DO DECISIONS ACCORDING TO ITS COUNTRY IF BIDEN WANTS TO INVADE IRAQ IRAN SYRIA AFGHANISTAN VIETNAAM BOMB JAPAN CIVIL WARS IN THE WHOLE WORLD MAKING MONEY IN WARS TOPPLING OF GOVT DESTROYING MILLIONS OF PEOPLE DOES BIDEN OR US ASK ANY ANYONE ?

  5. Oil is priced in USD (petrodollar), USD is depreciating hence higher oil price. simple economic 101. US oil companies would not increase supply because that would drive down oil price. So who can you blame? What Americans need is to nationalize the oil industry once for all.

  6. Like to see the end of Anglo Saxon hegemony ๐Ÿ˜‚๐Ÿ˜‚๐Ÿ˜‚.nice to see Asian and African societies and it's leaders tell western white colonialist should mind there own business ๐Ÿคฃ๐Ÿคฃ๐Ÿคฃ

  7. Saidi arabia childish MBS trying to back the Russian dictator and agitate the democratic west! Saudi Arabia has to pay the price for siding with the Russian killers

  8. The best thing Biden can do now is stop poking the bear's eyes / stop that proxy war in Ukraine. The world's economy is based on ๐Ÿ›ข OIL. Second, It's time for the US to recognize the other big players on the table and work with them.

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