TechBizWebTechBizWeb

    Subscribe to Updates

    Get the latest news about Technology and Business from all around the web..

    What's Hot

    Amazon says it has ‘hundreds’ of Rivian electric vans making deliveries in the US

    November 7, 2022

    Ryanair swings to first-half profit and raises passenger forecast

    November 7, 2022

    Devialet brings its sci-fi design aesthetics to a $790 portable speaker

    November 7, 2022
    Facebook Twitter Instagram
    • About Us
    • Privacy Policy
    • Guest Post
    • Terms
    • Contact
    Facebook Twitter Instagram
    TechBizWebTechBizWeb
    Subscribe
    • Home
    • Technology

      Amazon says it has ‘hundreds’ of Rivian electric vans making deliveries in the US

      November 7, 2022

      Devialet brings its sci-fi design aesthetics to a $790 portable speaker

      November 7, 2022

      Elon Musk’s response to fake verified Elon Twitter accounts: a new permanent ban policy for impersonation

      November 7, 2022

      The iPhone 14 Pro and Pro Max will come with ‘longer wait times’ due to factory lockdown

      November 6, 2022

      Meta’s reportedly planning to lay off ‘thousands’ of workers this week

      November 6, 2022
    • Business
    • Cyber Security
      National Security News

      List of 620 Russian spies, featuring one alleged agent at the centre of one of the biggest personal scandals in Wall Street history.

      September 24, 2022

      Cybersecurity ranked most serious enterprise risk in 2022

      August 31, 2022

      Registration open for CISA virtual summit on K-12 school safety

      August 31, 2022

      What do the Trickbot leaks reveal about Russian cybercrime?

      August 31, 2022

      What cybersecurity measures do CISOs outsource?

      August 30, 2022
    • Blockchain
    • Vulnerabilities
    • Social Engineering
    • Malware
    • Cyber Security Alerts
    TechBizWebTechBizWeb
    Home»Business»US says ‘nothing off table’ in response to Opec+ oil cuts
    Business

    US says ‘nothing off table’ in response to Opec+ oil cuts

    October 6, 2022Updated:October 6, 2022No Comments3 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp
    Share
    Facebook Twitter LinkedIn Pinterest Email

    The White House said nothing was off the table a day after Opec+ angered Washington with sharp cuts to world oil supply, as it considered responses — including new releases from the US Strategic Petroleum Reserve to contain energy prices.

    The Opec+ cartel led by Saudi Arabia and Russia on Wednesday agreed to lower production targets by 2mn barrels a day, or roughly 2 per cent of global oil consumption. Oil markets rose further on Thursday, with Brent crude reaching $94 a barrel.

    Brian Deese, director of the White House’s National Economic Council, described the decision as “unnecessary and unwarranted” and said the US was looking at further sales from its strategic stockpile, which has already been drawn down by more than 200mn barrels in the past year.

    He did not rule out an export ban or limiting exports on petrol and other refined products when reporters asked if the idea was under consideration. “What the president has directed us, and it continues to be the case, is to take nothing off of the table,” Deese said.

    The oil industry has become increasingly worried over the prospect of curbs on refined oil product exports being introduced in an effort to bring down domestic fuel prices at the pump. US energy secretary Jennifer Granholm in August told oil refiners to build domestic inventories rather than exporting more fuel.

    Europe’s energy crisis would likely be made worse by such a move, as the continent imports significant quantities of fuel from the US and is soon to halt all seaborne Russian oil imports.

    Opec+ approved its output cut after US president Joe Biden made a controversial visit to Saudi Arabia over the summer in an effort to increase supplies of oil. He said after his meeting with Crown Prince Mohammed bin Salman that he expected Saudi Arabia to “take further steps” to increase oil supplies in the coming weeks.

    On Thursday, Biden said that he did not regret his visit. “The trip was not essentially for oil. The trip was about the Middle East and about Israel and rationalisation of positions. But it is a disappointment and says that there are problems,” the president said to reporters.

    He said he had not yet decided how to respond to Opec+’s announcement. “We are looking at alternatives. We haven’t made up our minds yet,” Biden said.

    Opec+’s decision has given ammunition to lawmakers critical of the US-Saudi relationship and who have questioned the wisdom of Biden’s about-face on relations with Prince Mohammed.

    Three Democratic members of Congress said Wednesday they would introduce legislation that would mandate the removal of US troops and missile defence systems from Saudi Arabia and the United Arab Emirates.

    “We see no reason why American troops and contractors should continue to provide this service to countries that are actively working against us. If Saudi Arabia and the UAE want to help Putin, they should look to him for their defence,” House Democrats Tom Malinowski, Sean Casten and Susan Wild said in a statement.

    Deese said White House officials were disappointed by the Opec+ move as energy supplies remained tight around the world. “If you look at the global energy picture and oil picture, the lack of supply continues to be a significant challenge,” he said.

    The actual fall in output from the Opec+ group’s lowered target is likely to be closer to 1mn b/d, rather than the headline of 2mn b/d, as many of its weaker members have struggled to hit production targets in recent months.

    “Certainly the impact on production will be significantly lower than that headline that they announced,” Deese said.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Ryanair swings to first-half profit and raises passenger forecast

    November 7, 2022 Business

    European stocks rise as investors boosted by China speculation

    November 7, 2022 Business

    France’s far-right seeks to move from political fringe to mainstream

    November 7, 2022 Business

    Chinese exports fall for first time since 2020

    November 7, 2022 Business

    Evergrande creditors sell ‘Versailles mansion’ plot in Hong Kong

    November 7, 2022 Business

    FTSE chairs warn of declining relations with institutional investors

    November 7, 2022 Business
    Editors Picks

    Ryanair swings to first-half profit and raises passenger forecast

    November 7, 2022

    Devialet brings its sci-fi design aesthetics to a $790 portable speaker

    November 7, 2022

    Google Cloud Says Running Validator on Solana Blockchain

    November 7, 2022

    European stocks rise as investors boosted by China speculation

    November 7, 2022
    Trending Now

    Evergrande creditors sell ‘Versailles mansion’ plot in Hong Kong

    By techbizweb

    OpenSea Creates Tool for NFT Creators to Enforce Royalties On-Chain

    By techbizweb

    FTSE chairs warn of declining relations with institutional investors

    By techbizweb

    https://www.nationalsportsacademy.com

    slot gacor hari ini

    http://www.inadesfo.org/

    http://www.eueomgbissau.org/

    http://www.congo-mai-mai.net/

    http://www.angelesdelafrontera.org/

    http://fifaworldcup2018schedule.com/

    http://tony4gtrmcr.co.uk/

    http://www.standrewsagreement.org/

    http://www.bob-russell.co.uk/

    http://davidmulholland.co.uk/

    http://railwayhotelenniskillen.com/

    http://www.fantasysportstrades.com/

    http://www.rainleaf-flooring.com

    http://mothersagainstguns.org/

    http://ma-coc.org/

    slot online

    http://www.paradoxmag.com/situs-judi-slot-online-gampang-menang-2021/

    http://www.paradoxmag.com/situs-judi-slot-online-terbaru-2021/

    http://slot-terbaru.net/

    Slot Gacor

    Slot Online

    Situs Slot Gacor

    http://www.appdexterity.com/

    https://cars4kids-deutschland.de/

    https://www.stretchingculture.com/

    https://www.b-123-hp.com/slot-gacor/

    https://denzstaffing.nl/

    https://ezbbqcooking.com/slot-gacor/

    https://www.mbahelp24.com/slot-gacor

    https://minhtanstore.com/slot-jackpot-terbesar/

    https://njbpusupplierdiversity.com/slot-gacor-gampang-menang/

    https://www.floridaspecialtycropfoundation.org/slot-gampang-menang/

    https://childrenscornerpreschool.org/slot-gacor-gampang-menang/

    https://cryptoquoter.com/slot-online-terbaik/

    https://alorkantho24.com/slot-gacor/

    https://ellas.xyz/slot-gacor/

    https://it.dougamatome.xyz/slot-online/

    https://www.daltercume.com/slot-gacor/

    https://josi-ana.dougamatome.xyz/slot88/

    https://josi-ana.dougamatome.xyz/slot-gacor/

    https://fastobserver.com/slot-jackpot-terbesar/

    https://www.planetexperts.com/slot-gacor/

    https://bfsolution.group/slot-bet-kecil/

    https://rustleva.co/slot/

    https://bfsolution.group/slot-bet-kecil/

    https://www.hotelcalimareal.com/togel-online/

    https://anime-game.dougamatome.xyz/slot-gacor-gampang-menang/

    https://anime-game.dougamatome.xyz/togel-online/

    https://bourbonbarrelfoods.com/slot/

    http://suneo39.wp.xdomain.jp/slot/

    https://techbizweb.com/slot-gacor/

    https://www.generalcatalyst.com/18-daftar-slot-gacor-terbaik-gampang-menang-jackpot-hari-ini/

    https://www.hotelcalimareal.com/slot-online/

    https://www.blockgates.io/slot-gacor/

    https://l12.com.br/slot-gacor/

    slot paling gacor

    https://www.donalds-hobby.com/slot-online/

    https://thecryptodirt.com/slot-gacor-hari-ini/

    http://iseta.edu.ar/aulavirtual/app/upload/users/1/1205/my_files/sbobet.html

    http://escuelavirtual.mincit.gov.co/app/upload/users/1/194/my_files/slot.html

    https://www.dev.medecinesfax.org/courses/JUDICASINO/document/slot.html

    http://www.e-archivos.org/cursos/courses/JUDICASINO/document/slot-gacor.html

    http://iesma.com.br/ead/main/upload/users/4/447/my_files/slot.html

    https://www.fundacoop.org/chamilo/app/upload/users/1/1185/my_files/slot.html

    https://fata-aatf.org/eskola/main/upload/users/3/31/my_files/slot.html

    https://uancv.edu.pe/ofinvestigacion/app/upload/users/3/328/my_files/slot-terlengkap.html

    https://micost.edu.my/EL/app/upload/users/2/209/my_files/slot-gacor.html

    https://www.academiacoderdojo.ro/elearningdev/app/upload/users/2/2442/my_files/slot-online.html

    http://campus-cidci.ulg.ac.be/courses/JUDICASINO/document/slot-termurah.html

    https://www.escueladerobotica.misiones.gob.ar/aula-ste/courses/LIVECASINO/document/slot-tergacor.html

    http://ccdipeepccqqfar.usac.edu.gt/chamilo/app/upload/users/3/358/my_files/slot-online.html

    https://cunori.edu.gt/campus/app/upload/users/7/7334/my_files/slot-online.html

    http://u-rus.com.ar/aula/app/upload/users/1/1322/my_files/slot.html

    http://icrodarisoveria.edu.it/chamilo/app/upload/users/1/1855/my_files/slot.html

    https://iestpliliagutierrez.edu.pe/clarolgm/courses/CASINO/document/slot.html

    http://pva.cobach.edu.mx/app/upload/users/7/7379/my_files/slot.html

    http://www.imb-pc-online.edu.gt/PL/app/upload/users/3/373/my_files/slot.html

    http://avcs.upeu.edu.pe/main/upload/users/3333/my_files/slot.html

    https://chamilo.fca.uas.edu.mx/app/upload/users/1/11186/my_files/slot-online/

    TechBizWeb
    Facebook Twitter Instagram Pinterest Vimeo YouTube
    • Home
    • Guest Post
    • About Us
    • Privacy Policy
    • Our Authors
    • Terms and Conditions
    • Contact
    © 2023 Tech Biz Web. Developed by Sawah Dev.

    Type above and press Enter to search. Press Esc to cancel.