(TRENDING POLITICS NEWS) – On Sunday, Saudi Arabia, joined by Russia and other OPEC+ oil producers, announced they are rolling out voluntary cuts to their oil production. As much as 1.15 million barrels per day will stop being produced, Reuters reported.
The oil cuts are expected to lead to higher gas prices in the United States.
WND is now on Trump’s Truth Social! Follow us @WNDNews
The Saudis and OPEC+ said the oil production cuts are designed to support market stability. The move will dismay the Biden administration, especially considering this is the second output cut these countries have agreed to in the past year.
