At a news conference in Vienna, Saudi Energy Minister Abdulaziz bin Salman announced a 1 million barrel per day reduction in oil production, starting in July, to help stabilize the global oil market and prevent further price drops. This cut comes as the OPEC+ alliance agreed to extend earlier production cuts through next year, and Minister Salman noted that the cut could be extended and that the group “will do whatever is necessary” to ensure market stability.
Posts tagged as “Mohammad bin Salman”
A new report released by the House Oversight Committee has revealed that the White House under former President Donald Trump failed to report over 100 gifts given to him and his family by foreign governments between 2017 and 2020, valued at over $300,000. These gifts, which included a painting from the president of El Salvador and golf clubs from the prime minister of Japan, remain unaccounted for and have prompted the Biden administration to push for more transparency and accountability. The report’s authors have called for further investigation into the matter to ensure that all gifts from foreign governments are properly reported and accounted for.