Gas prices were finally starting to go down, but a new OPEC+ deal means they’re expected to rise soon.
The president will also open the door to additional releases this winter in an effort to bring gasoline prices down.
“What Saudi Arabia did to help Putin continue to wage his despicable, vicious war against Ukraine will long be remembered by Americans,” the Senate majority leader said.
Mohammad Barkindo, 63, led the crude oil bloc through some of its most turbulent times in recent memory, including during the COVID-19 pandemic
The Gulf nations reportedly indicated they would not alleviate surging oil prices unless the U.S. changed course on policy in the region.
Expensive gas is a financial hardship, but more oil is a climate disaster. The gas price flux shows us about why we should already be weaned off fossil fuels.
The group of nations agreed to cut 9.7 million barrels a day beginning May 1 in hopes of boosting crashing oil prices amid the pandemic, officials said.
A statement clarifies that Saudi Arabia issued a vague statement about its plans.
The surprise deal will boost the energy industry, and likely cost consumers at the pump.