Watch: Saudi Arabia Cuts Oil Output Following OPEC+ Meeting | WSJ News

Saudi Arabia said Sunday it would make a voluntary cut of 1 million barrels of oil a day as part of a deal between OPEC and its allies. The United Arab Emirates and some other large producers also extended their voluntary cuts.

Photo: Max Brucker/EPA-EFE/Shutterstock

#wsj #saudiarabia #oil #opec #Russia #uae

[ajmaeenmahtab]

It is not that they are cutting production, they are not selling it on USD.

[Giminide]

Saudi arabia and opec have to take decisions meeting their economical interests and not what fits the US admin

[Beyondhumanlimits]

"stability to the markets" = stability to our pockets not yours

[JamesBalmforth]

Sadly we are dependent on very greedy people

[squeezedoz]

Cartel market price manipulation thats all that is.

[ReportGrammarSchool]

It has been seen that the Dubai municipality has been disconnecting the electricity of tenents whose landlords have issues with the municipality.

This is totally unfair last week, they disconnected my electricity with my kids and my new baby in the house, 4 days there was no electricity. This is not fair and is against the human rights

In such a beautiful city of Dubai, only this municipality directors are doing such things .
We love and respect the sheikh and we are living here for 7 years.

The mistake of the landlord should not the considered as the mistake of the tenent

[michelandresbeck]

“Saudi Lollipop” are billions of dollars

[book--worm]

Us and russia should have been allies .... enemies are somewhat different ....

[williamlightfoot]

The price of oil will continue to fall. The price for oil in 2019 (pre-pandemic) hovered around $55. This was in a period before the scale up of EV offerings. It is no surprise that inventories are building.

The Saudis are not very bright, you can already see division in OPEC. When it comes to making money, this nest of vipers will sell each other out, no doubt about it. The Saudis will simply lose market share. I doubt if many would shed a tear over Saudi and its ability to pay for its lavish "Giga" projects.

[carcalde]

They should start getting protection from Russian going forward

[royrice]

What about a “Gang Of Three”? Russia, China and Saudi Arabia. Never say never. 👀😳

[royrice]

It’s not a good thing when one country possesses something that they can control the whole world with. You know, absolute power…….

[patpp]

Oil production cut will increase inflation, bad for the common people around the globe.

[MyUtubeScott]

Keep cutting it, that will make buy EV that much faster

[Madraswala]

Let them cut or increase oil production. The prosperity that oil brought to these countries are over. It was a midas touch 50 years bavk. Now, oil sale a must for survival.

[One-]

Why were we in Iraq and Afghanistan? Should went an invaded Saudi Arabia, easy win all day.