Saudi Arabia Keeps Lid on Oil Output as US Gas Prices Rise
Saudi Arabia is signaling it isn't willing to pump more oil and won't push for changes that have kept a lid on oil production levels.
Saudi Arabia is signaling it isn’t willing to pump more oil and won’t push for changes to an agreement with Russia and other producers that has kept a lid on oil production levels.
This has Washington concerned as gasoline prices rise and tensions with Russia over Ukraine fuel market uncertainty.
Higher prices at the pump pose a threat to Democrats at the polls in upcoming midterm elections. Biden has warned that gas prices could rise even higher if Russian President Vladimir Putin invades Ukraine.
This has Washington concerned as gasoline prices rise and tensions with Russia over Ukraine fuel market uncertainty.
Higher prices at the pump pose a threat to Democrats at the polls in upcoming midterm elections. Biden has warned that gas prices could rise even higher if Russian President Vladimir Putin invades Ukraine.
