OPEC+

OPEC+ production cuts, gas prices may rise to $4 per gallon

Dahlia Martyna Apr 5, 2023

If oil prices remain high, pump prices will rise. After OPEC+ cut production unexpectedly, crude futures rose $5 per barrel. The average price of a gallon of gasoline in the United States is currently $3.51. Gas prices are expected to…

United States criticizes OPEC+ and its allies’ unexpected oil cut announcement

Dahlia Martyna Apr 4, 2023

On Sunday, Saudi Arabia and other OPEC+ oil producers announced further oil cuts of around 1.16 million barrels per day. Analysts predicted that the unexpected action would result in an immediate price increase, and the United States deemed…

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