OPEC announces reduction in oil production quota

OPEC Announces Reduction in Oil Production Quota

RMI Supply

Members of the Organization of Petroleum Exporting Countries, and its non-members which includes Russia (OPEC+), agreed this week to reduce its oil production goals by 2 million barrels per day. The immediate reaction from President Biden was disappointment, and he said he would order the release of another 10 million…

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Alex Mills is the former President of the Texas Alliance of Energy Producers. The Alliance is the largest state oil and gas associations in the nation with more than 3,000 members in 305 cities and 28 states.


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