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Advantage Putin: OPEC makes deep oil cuts, White House calls it "Aligning with Russia"

The OPEC+ on Oct 05 agreed to slash output by 2 million barrels of oil per day. Saudi Arabia, and Russia will make the biggest individual reductions. Both countries will be lowering output by 526,000 monthly barrels each. The White House called the decision ‘shortsighted’ and alleged that OPEC+ aligning with Russia. The announcement of a cut in oil production came less than 3 months after President Biden visited Saudi Arabia. President Biden directed the release of 10 mn barrels of oil from the US Strategic Petroleum Reserve. Experts believe this will add to global inflation and also gives Putin a ‘political win’ over the West. They also believe higher oil prices will help aid Russia continue its aggression in Ukraine. #OPEC #Biden #Putin #OilPrices Subscribe Now ► https://bit.ly/2UV4ygi Stay Updated! 🔔 -------------------------------------- ANI is South Asia's leading Multimedia News Agency providing content for every information platform, including TV, Internet, broadband, newspapers, and mobiles. Subscribe now! Enjoy and stay connected with us!! ☛ Subscribe to ANI News channel: https://bit.ly/2UV4ygi ☛ Visit our Official website: https://www.aninews.in/ ☛ Follow ANI:   / ani   ☛ Like us:   / aninews.in   ☛ Email to: [email protected], [email protected] ☛ Copyrights © All Rights Reserved ANI Media Pvt Ltd.