It comes amid a bitter energy dispute between Russia and the West, with many in Europe deeply concerned about the prospect of recession and a winter gas shortage.The OPEC logo on a sign at the group's headquarters in Vienna, Austria.
A group of some of the world's most powerful oil producers on Monday agreed on a small output cut from next month, surprising energy markets at a time of considerable turmoil. OPEC and non-OPEC partners, an influential energy alliance known as OPEC+, decided to cut production targets by about 100,000 barrels per day from October.Download NBC 5 Dallas-Fort Worth
Goodness they are going to squeeze Europe this Winter. Our only option if the world isn't on board with Russian sanctions, is to remove ourselves from the conflict, either that or our prices will rise as we attempt to supply oil and gas to Europe.