https://sputnikglobe.com/20230606/opec-production-cuts-will-have-negative-effect-on-us-families---house-majority-leader-1110957580.html
OPEC Production Cuts Will Have ‘Negative Effect’ on US Families - House Majority Leader
OPEC Production Cuts Will Have ‘Negative Effect’ on US Families - House Majority Leader
Sputnik International
The Organisation of the Petroleum Exporting Countries (OPEC) decision to cut oil production starting next year will have a negative impact on families in the United States, House Majority Leader Steve Scalise said on Tuesday.
2023-06-06T15:39+0000
2023-06-06T15:39+0000
2023-06-06T15:39+0000
economy
opec
oil
oil production
us
steve scalise
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“OPEC is getting ready to control and limit production of energy, because they want a higher price of gasoline,” Scalise said during a press conference. “It’s going to be something that has a really negative effect on families all across America who are already paying 50% higher in gasoline costs.”On Sunday, OPEC+ agreed to reduce the group’s total oil output level by 1.4 million barrels per day starting in 2024. The impacts would be less prominent if the Biden administration “stopped attacking” US domestic energy production, Scalise said. The OPEC decision would be “irrelevant” if the US had adequate domestic energy production, Scalise said. On Monday, US State Department Principal Deputy Spokesperson Vedant Patel said that the US will work with oil producers to ensure energy markets are able to lower prices and support economic growth.
https://sputnikglobe.com/20230605/state-dept-in-light-of-further-opec-cuts-says-believes-supply-should-meet-demand-1110933364.html
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opec, opec+, production cuts, oil cuts, negative effect, united states, steve scalise
OPEC Production Cuts Will Have ‘Negative Effect’ on US Families - House Majority Leader
WASHINGTON (Sputnik) – The Organisation of the Petroleum Exporting Countries (OPEC) decision to cut oil production starting next year will have a negative impact on families in the United States, House Majority Leader Steve Scalise said on Tuesday.
“OPEC is getting ready to control and limit production of energy, because they want a higher price of gasoline,” Scalise said during a press conference. “It’s going to be something that has a really negative effect on families all across America who are already paying 50% higher in gasoline costs.”
On Sunday,
OPEC+ agreed to reduce the group’s total oil output level by 1.4 million barrels per day starting in 2024.
The impacts would be less prominent if the Biden administration “stopped attacking” US domestic energy production, Scalise said. The OPEC decision would be “irrelevant” if the US had adequate domestic energy production, Scalise said.
On Monday, US State Department Principal Deputy Spokesperson Vedant Patel said that the US will work with oil producers to ensure energy markets are able to lower prices and support economic growth.
