Posted on 09/05/2023 10:48:49 AM PDT by Rusty0604
Saudi Arabia on Tuesday extended its 1 million barrel per day voluntary oil production cut until the end of the year, according to the state-owned Saudi Press Agency.
Russian Deputy Prime Minister Alexander Novak on Tuesday said that it will extend its 300,000 barrels per day reduction of exports until the end of December 2023 and will likewise review the measure on a monthly basis, according to the Kremlin.
The ICE Brent futures contract with November delivery was up $1.07 per barrel to $90.07 per barrel at 2:13 p.m. London time, or 9:13 a.m. in New York, with WTI futures higher by $1.40 per barrel to $86.95 per barrel.
(Excerpt) Read more at cnbc.com ...
Another reason to vote democrat.
spit
Women and children hardest hit.
Russia rejoices.
That fist bump didn’t work out too well.
Within minutes, Russia joined SA.
If we were still energy independent it wouldn’t be so bad. I guess it helps the climate change agenda.
Go after them Nancy they’re Price Gouging
Saudi Arabia has been pumping 11ish million barrels (42 gallons per barrel) every day since the mid 1950s.
Suppose . . . just suppose . . . the announced production cuts are not voluntary.
Such a suggestion . . . in the US . . . would generate an explosion of rage about Malthusian this and that and Peak Oil this and that. Then people start digging until they find some right wing writer with no degree in Petroleum Geology to announce that the US can be a net oil exporter (hasn’t been for decades and decades) and oil is not running out, abiotic this and that and hydrocarbons are on Titan, which had no dinosaurs.
Such a suggestion about KSA or Russia doesn’t really get that kneejerk reaction. As if geology one place is not geology somewhere else.
No problem we can still deplete the Strategic Oil Reserve, it’s still at 50% capacity.
Let’s see how BRICS reacts. Six of the world’s top nine oil producers are in BRICS.
Saudi Arabia
🇷🇺 Russia
🇨🇳 China
🇧🇷 Brazil
🇮🇷 Iran
🇦🇪 UAE
It would be easier to transfer what’s left of the Oil Reserve to Chinese Communist Party and they can use it when they invade
Why is the US still giving Aid to these BRICS ?
Just paid $4.49 a gallon for premium today in SC. About a month ago it was $3.98. Inflation is goiung to increase.
We don’t give aid to the Saudis or Russians.
The real winners are Russia and China.
Yep.
Imagine what gas prices will be if USA gets pulled into a war with Russia.
That’s probably Biden’s bribery payoff, I mean normalizing China relations.
Victoria Nuland just went to South Africa, BRICS member, with large investments for their green energy. They are panicked that SA sides with Russia over Ukraine. Warmonger Victoria Nuland was an interesting choice, as she prefers threats over diplomacy.
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