Wall Street investment banks have raised their price forecasts for oil after OPEC+ moved to slash production by around 2 million barrels per day and squeeze supply in a snub to the Biden administration and its pleas to the cartel to pump more crude. While the White House reacted negatively to OPEC’s decision by accusing…
Capitol Report (Oct. 5): Biden Meets Desantis in Florida; FBI Says Murders Up Significantly Across US
October 5, 2022
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Capitol ReportEpochTVFirst AmendmentFloridaHurricane IanJoe BidenMidterm electionsmurdernational debtoil productionOPECUSUS News
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President Joe Biden visits Florida. What does he say about damage caused by Hurricane Ian, and how is Florida Gov. Ron DeSantis addressing Biden’s actions? OPEC ignores Biden’s plea to ramp up production and instead does exactly the opposite. It’s slashing oil production—the biggest cut in two years. How is the White House responding? The…
Secret List of Documents Seized From Mar-a-Lago Released Online; Gas Prices to Rise as OPEC Cuts Oil | NTD Evening News
A secret list detailing some of the documents seized from former President Donald Trump was released online overnight, even though a judge ordered the list to remain under seal. Gas prices are expected to go up again after the the OPEC+ group announced on Oct. 5 that it is cutting oil production. * Click the…
OPEC to Cut Output by 2M Barrels a Day; SWIFT Sets Central Bank Digital Currency Plan | NTD Business
OPEC+ announces the largest cut in oil output since the start of the pandemic. Will it drive up gasoline prices? We have analysis. SWIFT, the system that helps banks transfer money worldwide, sets out its plan for a central bank digital currency network. How would the world change if people use the central bank digital currency…
OPEC to Cut Output by 2 Million Barrels a Day; SWIFT Sets Central Bank Digital Currency Plan | NTD Business
OPEC+ announces the largest cut in oil output since the start of the pandemic. Will it drive up gasoline prices? We have analysis. SWIFT, the system that helps banks transfer money worldwide, sets out its plan for a central bank digital currency network. How would the world change if people use the central bank digital currency…
White House Accuses OPEC of ‘Aligning With Russia’ as Biden Faces More Midterm Pressure
October 5, 2022
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Business & MarketseconomyenergyExecutive BranchJoe BidenOPECPolicies & ImpactsPoliticsStrategic ReserveUSUS News
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The White House on Wednesday sharply criticized the Organization of the Petroleum Exporting Countries, or OPEC, after its members decided to implement a significant cut to oil production. The group of significant oil producers, which includes Saudi Arabia and Russia, announced it would slash oil production by 2 million barrels per day. For months, the Biden…
OPEC+ to Cut Crude Output by 2M Barrels Per Day; AZ Gubernatorial Candidate Declines to Debate | NTD News Today
The OPEC+ alliance plans to cut oil production by two-million barrels per day. They reached the agreement in Vienna today. The U.S. national debt has reached a record high according to a new report this week. The National debt has increased by over 30-percent since the pandemic started. Arizona’s Democratic gubernatorial candidate is declining to…
OPEC+ Agrees to Sharp Oil Output Cut in Blow to Biden
October 5, 2022
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Business & MarketseconomyenergyGold and CommoditiesinflationMarketsoil productionOPECPolicies & ImpactsPoliticsUSUS News
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The OPEC+ alliance of crude-producing countries has agreed to deep cuts in oil output, providing a likely floor to falling prices and delivering a blow to President Joe Biden’s pleas for the cartel to boost production to help quell soaring inflation. The Organization of Petroleum Exporting Countries (OPEC) and its oil-producing allies, known as OPEC+, agreed…
OPEC+ Agrees to Sharply Cut Oil Output in Blow to Biden
October 5, 2022
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Business & MarketseconomyenergyGold and CommoditiesinflationMarketsoil productionOPECPolicies & ImpactsPoliticsUSUS News
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The OPEC+ alliance of crude-producing countries has agreed to deep cuts in oil output, providing a likely floor to falling prices and delivering a blow to President Joe Biden’s pleas for the cartel to boost production to help quell soaring inflation. The Organization of Petroleum Exporting Countries (OPEC) and its oil-producing allies, known as OPEC+, agreed…
Collateral Chains Are the Real Tightening
September 8, 2022
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Business & MarketsBusiness ColumnistseconomyenergyFederal ReserveInvestmentjerome powelloil pricesOPECOpinionrecessionUSViewpointsWest Texas Intermediate
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Commentary It was barely a month ago when OPEC+, the group of major oil-exporting nations, had announced a small increase in production. The world economy was suffering under extreme oil price pressure. President Joe Biden traveled to Saudi Arabia, one of OPEC’s largest producing members, to personally deliver his plea for relief on behalf of…
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