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Gas prices rising to record highs in California

Economy Sep 25

How oil price hikes boost Russia’s war as drivers pay more for gas

By David McHugh, Associated Press

World Aug 03

FILE PHOTO: A view shows branded oil tanks at Saudi Aramco oil facility in Abqaiq
Saudi Arabia extends daily oil production cut through September to boost energy prices

The Saudi cut of 1 million barrels per day, which began in July, comes as the other OPEC+ producers have agreed to extend earlier production cuts through next year.

By Associated Press

World Jun 04

Austrian police officers stand in front of the OPEC headquarters in Vienna
OPEC+ member countries consider more production cuts as oil prices slump

The major oil-producing countries led by Saudi Arabia and Russia are wrestling with whether to make another cut in supply to the global economy as the OPEC+ alliance struggles to prop up sagging oil prices that have been a boon to U.S.

By David McHugh, Associated Press

Economy Apr 02

FILE PHOTO: FILE PHOTO: IDC Zubair oilfield in Basra
Saudi Arabia, other OPEC+ nations announce surprise oil production cuts

Saudi Arabia and other major oil producers on Sunday announced surprise cuts totaling 1.15 million barrels per day from May until the end of the year, a move that could raise prices worldwide.

By Associated Press

Economy Oct 19

High gasoline prices at a Mobil station in West Hollywood
Watch 8:47
Biden releases more oil from strategic reserve to help lower gas prices

President Biden announced the release of an additional 15 million barrels of oil from the U.S. strategic reserve. The president insisted the move is not politically motivated ahead of the midterms and criticized oil companies for not doing more to…

By Geoff Bennett

Oct 07

Watch 12:53
Brooks and Capehart on October surprises with just a month until the midterms

By Amna Nawaz

New York Times columnist David Brooks and Washington Post associate editor Jonathan Capehart join Amna Nawaz to discuss the week in politics, including October surprises in the U.S. and crises on the world stage with just a month until the…

Continue watching

Oct 06

Watch 5:51
How the OPEC Plus production cuts will impact the economy and Russia’s war in Ukraine

By Amna Nawaz

Oil-producing countries including Saudi Arabia and Russia agreed to cut production by a significant 2 million barrels a day to boost prices. The move is being seen as a big setback to the Biden administration before the midterms and something…

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Monday, Sep 15
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