Just as fuel prices started to decline here. Looks like they will be going back up.
The United States has accused OPEC oil-producing nations of siding with Russia after a decision to cut oil output.
www.aljazeera.com
"Saudi Arabia, one of the main players in OPEC, also said the move was necessary to respond to rising interest rates in the West and a weaker global economy"
“OPEC+ probably feels it has some time on its side to see if the world economy can avoid a recession and whether it can hold crude prices on what the group would view as the correct side of $90 a barrel,” energy analyst Clyde Russell wrote in a column for Reuters. "
"Nonetheless, the move could well be “a snub” to the Biden administration, whose unsuccessful diplomatic effort to halt the oil production cut is a signal of its weaning influence over Gulf allies."
"The months-long pressure campaign culminated in Biden’s fist bump to Saudi Arabia’s Crown Prince Mohammed bin Salman in July, a sign of the administration’s intention to move on from its stated goal of holding the Saudi leader accountable for the killing of journalist Jamal Khashoggi." -still chasing Assange though..