Free Republic

The U.S. oil industry is divided on whether it could or should contribute to production cuts in an effort to stabilize pricesThe virtual meeting between OPEC and its allies scheduled for Monday has been postponed, sources familiar with the matter told CNBC, amid mounting tensions between Saudi Arabia and Russia. The meeting will now “likely” be held on Thursday, sources said. The Monday meeting was set after President Donald Trump said to CNBC on Thursday that he expected Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman to announce a deal to cut production by up to 15...

Late News: Syrian government media reporting air defenses in operation tonight... White House Deputy Press Secretary T.J. Ducklo resigning this weekend. The resignation one day after he received a one week suspension for threatening a reporter... Responding to his acquittal at the second impeachment trial, President Trump said: "Our movement has only just begun"... ..Senate Republican Leader Mitch McConnell said Trump was: "practically and morally responsible for provoking the events of the day" regarding the incident at the US Capitol... President Joe Biden said in a statement: "the substance of the charge is not in dispute"... From Ogden, Utah the...

President Vladimir V. Putin said Monday that he would scrap Russia’s South Stream gas pipeline, a grandiose project that was once intended to establish the country’s dominance in southeastern Europe but instead fell victim to Russia’s increasingly toxic relationship with the West. It was a rare diplomatic defeat for Mr. Putin, who said Russia would redirect the pipeline to Turkey. He painted the failure to build the pipeline as a loss for Europe and blamed Brussels for its intransigence. The decision also seemed to be a rare victory for the European Union and the Obama administration, which have appeared largely...