The Saudi-led oil producing group OPEC+ has signalled it would hold the oil supply steady to maintain a stable market.
But in a surprise move, the alliance, which includes Russia, announced it would slash output by more than one million barrels a day – its second cut in more than six months.
It is feared this could send oil prices back to $100 a barrel. It may also raise tensions between Riyadh and the United States, which has called on Saudi Arabia to pump more oil in a bid to tame inflation.
Elsewhere, the United Kingdom agrees to join the Asia-Pacific trade bloc.
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19 Comments
Green energy is a scam.
My oil my price if u r happy then buy or by by
It stuns me enormously the way that I go from carrying on with a typical way of life to making over 63k each month
I've gleaned some useful knowledge throughout recent years that there are a lot of plenty opportunities in the financial markets;all it takes is just to focus on the right thing. Credits to Gregory Thomas Patchak
Tomorrow's breaking news. USA invades Iran, Venezuelan govt collapse
Opec is a greedy clique formed to artificially manipulate oil production to spur economic crises in developed and developing countries like immoral traders hoarding goods.
No way, J Powell and Yellen make things worst and they delivered it deliberately….with that kind of US goverment, who need enemy like Russia or China.
Saudi Arabia is not simply being uncooperative, they are actively waging economic war on us.
There are fake financial advisors and fake claims on the chat stop lying and trying to steal the people's hard earned money
OPEC+ cut oil production to maintain high oil price. They all need good income from oil to maintain stability.
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Biden 24 πΊπΈ
@14:13 Vicky could have chosen a less messy room or blur out her background. This room would give me anxiety.
If the West stopped its meddling in Africa's affairs, there wouldn't be anything to talk about. Africans are suffering because of the West's interference in internal politics and creating divisions to keep Africa at war while they take the minerals and other resources away
An economic war has been declared against America, but they're too busy with pronouns to realise it.
It is actually what OPEC Does every year, cuts oil production this time every year, so not surprising they begin to cut to raise prices a little. So it is a technique to stabilize oil prices at a time for tourists who begin to travel π€
US has a lot of oil including shale oil, but US doesn't want to share
Most of the debts to developing nations are issued by corporates or private financial institutions at rising interest rates of 6% to 8% or higher. Debt swaps, debt forgoing mentioned are on small interest rate but never on principals. First raise interest, then claim credit on forgiving part of the interest rate charged. Great tactics, glorious topic to spend time implementing and discussing. π
The big problem when it comes to Africa and finance (in general) is that the whole continent is riddled with corruption. Unless and until they clean up their institutions and institute a culture of transparency and accountability then Western nations are going to be very wary when it comes to any finance whatsoever. How many times have African nations been given debt relief, only for them to come back squawking ten years later about how the west is supposedly strangling them with debt?, debt that African governments willingly took out , signed up for and then in most cases squandered. Sooner or later crying 'colonialism' all the time doesn't cut the mustard, many in the West are coming round to the position that the continent is an albatross and we should just cast it into the sea.
What cup if japan its buying oil from RΓΊssia at market price. ππππππ