US fails to secure increase of OPEC oil output at Jeddah summit
thecradle.co
MbS repeated his point that it would be impossible to raise oil output levels to more than 13 million barrels per day by 2027

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  • alcoholicorn [comrade/them, doe/deer]
    ·
    2 years ago

    ngl, Biden reaching out to and getting snubbed by every single more reactionary oil country including America until he's absolutely forced to work with democratic socialists in Venezuela is a pretty good bit.

      • LeninWalksTheWorld [any]
        ·
        2 years ago

        Iran's oil also is getting totally undercut by cheap Russian fossil fuels right now. Russia stole their main markets in Asia in avoiding western sanctions. And Russia has told Iran they aren't planning on helping them cushion the blow. A smart American empire could have used this opportunity to realign Iran towards the west by buying their oil, but I think we already burned that bridge with Trump's wild ride.