US Reaction to OPEC Oil Production Cut
Oil prices surge after major exporters announced a cut in production. The US had been calling for an increase in production. We gauge reaction from US producers.
Oil prices have surged after several of the world’s largest exporters announced a cut in production.Saudi Arabia, Iraq and several Gulf states announced they were cutting output by more than a million barrels of oil a day. Also, Russia said it will extend its cut of half a million barrels per day until the end of the year. The price of Brent has risen by almost 6% as a result to around $85 a barrel.
The cutback in production caught the rest of the world by surprise – not least in the US, which had been calling for an increase. Today oil producers in the US have been giving their reaction.
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- Mon 3 Apr 2023 21:32GMTΒι¶ΉΤΌΕΔ World Service Europe and the Middle East
- Mon 3 Apr 2023 22:32GMTΒι¶ΉΤΌΕΔ World Service except Europe and the Middle East