OPEC+ production cut threatens gas price hike

World Oil
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OPEC+ is set to hold a critical meeting on Wednesday in Vienna to decide whether to cut production, a move that would drive up the price of oil.

Energy industry analysts say the cut could be as much as 2 million barrels per day, a move that would likely contribute to higher gas prices in the United States and inflation more generally.

It would also serve as a diplomatic blow to the White House, which has sought to get Saudi Arabia and other producers to keep production up as sanctions on Russia raise energy prices around the world.

Read more at Thehill.com

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Chuck comes from a lineage of journalism. He has written for some of the webs most popular news sites. He enjoys spending time outdoors, bull riding, and collecting old vinyl records. Roll Tide!