Higher gas prices will help US oil producers.
Sum *****, Maduro too, unfortunately.
We all pray for higher gas prices.....cause uncle Donnie wants us to...
.
You really are that clueless????? Or do you play stupid in real life too?
Saudi Arabia Vows To Cut More Production To Stabilize Oil Market | OilPrice.com
Saudi Arabia Vows To Cut More Production To Stabilize Oil Market
By
Tsvetana Paraskova - Feb 14, 2018, 11:00 AM CST
Saudi Arabia will cut additional
100,000 bpdof its oil production next month and keep its exports below 7 million bpd in March in a bid to help clear the global oversupply and counteract the recent oil market volatility.
Saudi Aramco, the state oil giant, will pump 100,000 bpd less crude oil in March compared to the February level, the Saudi energy ministry said on Wednesday.
The Saudi oil exports will continue to be below 7 million bpd in March, despite the 400,000-bpd SAMREF refinery shutting down for planned maintenance, the ministry said.
Last month, Saudi Arabia was said to be planning to
keep the low level of its crude oil exports in the first quarter this year at around 7 million bpd, despite planned refinery shutdowns for maintenance at home.
According to OPEC’s latest production figures released earlier this week, Saudi Arabia lifted its January production by 23,300 bpd to
9.977 million bpd—but still below its 10.058-million-bpd quota, overcomplying once again.