Tag: opec
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Strong criticism from the US – Saudi Arabia defends cuts in oil production
While US President Joe Biden threatens Saudi Arabia with consequences over OPEC's recently decided oil production cuts, the kingdom is defending itself against heavy...
US angry with Saudis – OPEC torpedoed sanctions against Russia
As the US and Europe try to use sanctions to significantly reduce Russia's main sources of revenue - the gas price cap currently being...
Calls for price ceiling – Nehammer warns against embargo on Russian gas
Karl Nehammer has warned of an "embargo on Russian gas through the back door". "Austria favors a gas price ceiling," the chancellor said...
Burden on Iran – Oil Prices Dropped Significantly at the Beginning of the Week
The oil price fell sharply on Monday. Already in the past week they were sometimes under strong selling pressure. A barrel (159...
OPEC agrees to minimal increase in production
The organization will barely increase pumping by 100,000 barrels a day, the smallest increase in its historyPressure from the West in the face of...
