OPEC and Russia vote to slash oil output as they ignore Biden’s pleas

Posted on AllSides October 5th, 2022
From The Right
Getty Images

The Biden administration’s scramble to avoid another surge in US gas prices took a major hit Wednesday after OPEC and Russia approved a significant cut in oil production.

Oil jumped to $87 on Wednesday after the OPEC+, a group of oil-producing nations that includes Russia, slashed output limits by 2 million barrels per day. The cut would mark the largest drop in OPEC+ oil production since 2020 and add additional pressure to global energy markets already reeling from the Russia-Ukraine conflict, Bloomberg reported.

The cuts were approved even after the Biden...

Read full story

New York Post (News)

AllSides Media Bias Rating: Lean Right
AllSides Media Bias Rating: Lean Right
110037/85786
See full bias rating for New York Post (News)
Learn about media bias
https://nypost.com/2022/10/05/opec-and-russia-agree-to-slash-oil-output-by-2-million-barrels-a-day/

More News about Energy from the Left, Center and Right

From the Left

From the Center

From the Right