From The Hill, December 4:
Oil-producing alliance OPEC+ agreed on Sunday to keep its same production targets, dealing another setback for the U.S. and western allies seeking to curb high gas prices.
OPEC, led by Saudi Arabia, slashed oil production starting in November by 2 million barrels, a cut that will remain in effect after Sunday’s meeting, the group confirmed in a statement.
The decision comes after the Group of Seven (G7) nations as well as Australia agreed on Friday to cap what they would pay for Russian oil at $60 per barrel, which is set to take effect on Monday along with an EU embargo on Russian oil shipped by sea....
....MUCH MORE
