Saudi-led OPEC Cuts Oil Production, Here’s What Will Happen to Gas Prices Next

Over a Barrel
05/06/2023 27 min

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Episode Synopsis

Over the weekend, OPEC+ met and decided to deepen previous oil production cuts, with Saudi Arabia announcing they will cut oil production an extra one million barrels in July. As a result, oil prices jumped up Sunday night, but gas prices are about to get hit. Matt and Patrick talk about if you need to worry and what it means for gas prices now and all summer long.

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