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Investing Future: Saudi Arabia’s Partnership with Russia is Collapsing the US Economy? OPEC Bans Petrodollar

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Investing Future Nov 6, 2022 Why is Saudi’s distancing with the US significant enough to completely dent the US petrodollar? The Organization of Petroleum Exporting Countries and its allies, including Russia, decided on October 5th, 2022, to reduce oil production by 2 million barrels per day. The world’s economies, particularly those of the US, UK, and India, might suffer greatly from this large amount of oil, which makes about 2% of the global oil supply. Now that both the US and the UK are on the verge of recession, this oil price increase might make things much worse for them!…

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11/07/22: Press Briefing by Press Secretary Karine Jean-Pierre

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