Kwasi Kwarteng has cut his trip to the US short to fly home for 'crunch talks' with Liz Truss amid the expectation of another major mini-budget U-turn.
06.10.2022 - 17:27 / foxnews.com
President Biden and Democratic lawmakers doubled down on the importance of hostile actors boosting oil output Wednesday after a decision from a Saudi-led group to cut production. The Organization of the Petroleum Exporting Countries (OPEC), the powerful Middle Eastern oil cartel, and its Russian counterpart announced a massive production cut of 2 million barrels of oil per day, the largest reduction since the COVID-19 pandemic began in 2020.
In response, Democrats have unleashed their fury, noting the importance of oil production from the cartel comprised of dictators and hostile actors. "The President is disappointed by the shortsighted decision by OPEC+ to cut production quotas while the global economy is dealing with the continued negative impact of Putin’s invasion of Ukraine," the White House said in a statement Wednesday.
"At a time when maintaining a global supply of energy is of paramount importance, this decision will have the most negative impact on lower- and middle-income countries that are already reeling from elevated energy prices," the statement continued. President Biden greets Saudi Crown Prince Mohammed bin Salman in Jeddah, Saudi Arabia, in July.
(Reuters) The White House also announced Biden would order the Department of Energy to unleash another 10 million barrels of oil from the Strategic Petroleum Reserve.The president has already drained 280 million barrels from the emergency stockpile, taking it to its lowest level since 1984. Democratic lawmakers urged Biden to turn back to Saudi Arabia and beg them again for more oil.
Biden traveled to the Middle Eastern nation in July to discuss oil production. "There still is, in my view, an opportunity to persuade the Saudis that you're making a gigantic
.Kwasi Kwarteng has cut his trip to the US short to fly home for 'crunch talks' with Liz Truss amid the expectation of another major mini-budget U-turn.
Tragic and horrific scenes in war-torn Ukraine were witnessed first hand by Dumfriesshire MP David Mundell last week.
Fox & Friends Weekend were forced to make an on-air u-turn after learning about the hateful things Kanye West actually tweeted over the weekend.Initially, Will Cain, Pete Hegseth and Rachel Campos-Duffy supported West after it was revealed he was banned from Instagram for posts deemed “anti-semetic”.On Saturday (October 8) West shared a series of texts he’d exchanged with Sean ‘Diddy’ Combs following Combs’ criticism of his ”White Lives Matter” t-shirt – a slogan tied to white supremacist movements. In one of those texts, West wrote to Diddy: “I’ma use you as an example to show the Jewish people that told you to call me that no one can threaten or influence me.” Shortly after that, his Instagram account was restricted by Meta and posts were removed.“We’re in this weird era where people can’t just say what they want to say,” said Campos-Duffy, who had seen the post.
Soaring food and gas prices led young parents Jesus and Krista Montiel to seek out ways to cut costs and make ends meet and provide for their two-year-old daughter. "I'm doing anything and everything I can to be able to provide for my family," Jesus, a manager at Teton Toys, told Todd Piro on Monday. "That includes driving an hour-and-a-half one way to and from work and working literally all day.
Two small business owners said Thursday they remain concerned about high gas prices, arguing the Biden administration's push for more Venezuelan oil is hurting their wallets. "It's very frustrating as an American citizen," 1918 Catering co-founder and CEO Jason Brown said on "Fox & Friends First" Thursday.
Three House Democrats are introducing a bill to remove U.S. defense systems from Saudi Arabia and the United Arab Emirates in response to the OPEC+ decision to cut oil production by 2 million barrels per day – a move that is expected to drive up gas prices in the U.S.
Fox News host Sean Hannity reacted to OPEC's decision to cut oil production by 2M barrels a day on "Hannity." Biden has almost completely drained the supply. We're now at a 40-year-low. It is not a national emergency, Joe, that Democrats are likely to lose an election, so you artificially raise the world supply of oil in the lead up to an election to lower the price, to create a false perception that, oh, you've done something good.
Craig Gordon wants to become Scotland ’s oldest international when the Nations League countdown concludes after turning back the clock again to reach the top table.
TrustNordisk has picked up international sales rights to Ole Bornedal’s psychological thriller sequel Nightwatch — Demons Are Forever, starring Nikolaj Coster-Waldau.