Oil production cut
OPEC + OPEC: Saudis aren’t afraid of US anymore

The surprise OPEC+ reduction consolidates the Saudi-Russian energy alliance, by aligning their production levels and placing them on equal footing. It is a slap in the face for the US

Russia-Ukraine war OPEC, US OPEC’s body blow to Biden presidency

The OPEC+ decision is poised to benefit Russia in multiple ways. It will buoy Russia’s oil revenue heading into winter, when demand for Russian energy from Europe typically rise