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Kamala Harris: I refused to 'pile on' Joe Biden

Kamala Harris: I refused to 'pile on' Joe Biden

Fox News2 days ago
Kamala Harris bristled at Stephen Colbert's question about navigating a campaign to replace her own boss.
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OPEC Plus Will Increase Oil Output
OPEC Plus Will Increase Oil Output

New York Times

time14 minutes ago

  • New York Times

OPEC Plus Will Increase Oil Output

Eight countries that belong to the oil cartel known as OPEC Plus said Sunday that they would boost oil production by 547,000 barrels a day beginning in September, the latest in a series of monthly increases that began in April. The move, in effect, reverses a program of 2.2 million barrels a day in output cuts that was put in place in 2023 to tighten supply and prop up the markets. The announcement from OPEC Plus was expected and so may have little impact on prices. 'We expect a limited negative market reaction,' analysts at the investment bank Jefferies said in a note to clients after the announcement. After years of pursuing production restraints, the group, led by Saudi Arabia, is taking advantage of what analysts view as a relatively short-term window in the oil market to boost output. The United Arab Emirates and other countries have chafed at restraints on production that have opened the way for the United States and other producers outside OPEC Plus to pump more oil. In addition, Saudi Arabia and other oil-producing countries appear to have an interest in pleasing President Trump, who wants lower gasoline prices for American drivers. Want all of The Times? Subscribe.

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