In major setback for US and EU, OPEC+ decides to cut global oil production : Peoples Dispatch
peoplesdispatch.org
The decision may further exacerbate the energy crisis in the EU and the US, that are struggling to diversify their supply after sanctioning Russian oil which has already caused an unprecedented rise in fuel prices
  • guojing
    5·
    2 years ago

    Less oil means that oil and gasoline prices will go up. Biden and Scholz both asked Saudi-Arabia to increase production instead.