Monday, January 6, 2025
OPEC+ approves tiny oil output rise in rebuff to Biden- oil and gas 360

OPEC+ approves tiny oil output rise in rebuff to Biden

CNBC OPEC+ is set to raise oil output by a tiny 100,000 barrels per day in what analysts described as an insult to U.S. President Joe Biden after his trip to Saudi Arabia last month to persuade OPEC’s leader to pump more to help the U.S. and global economy. The increase, equivalent to 86 seconds of global oil demand, comes after weeks