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OPEC, allies keep oil production steady

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OPEC and its allies announced yesterday plans to keep oil production largely steady.

As part of the decision, Russia and Kazakhstan will increase output modestly. Saudi Arabia is extending its voluntary cut in oil production of 1 million barrels per day into April.

Brent crude rose 5% on the news.

Read more from NPR.

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BobJ

We were Energy Independent under Trump in 4 years. Why should we care about Saudi keeping Oil production stable--Oh Yeah that's because the current administration appears to be dismantling the USA energy production program. Now it makes sense.

I wish our journalist friends would start some investigative actions to see what effect the changes are are making in the USA.

Monday, March 8, 2021
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