Washington ‘panicking’ over potential Russian and Saudi oil cut – CNN

Washington ‘panicking’ over potential Russian and Saudi oil cut – CNN © AFP / Joe Klamar The White House

Riyadh and Moscow are reportedly seeking to raise oil prices by agreeing deep output reductions.

The White House is desperately seeking a way to prevent a major cut in oil production, which is expected to come after a meeting of OPEC+ member states, in a move that is certain to send prices at the pump surging, CNN reported late on Tuesday.

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