Oil producers led by Saudis face a decision on whether to extend production cuts as oil prices lag

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Oil producers led by Saudis face a decision on whether to extend production cuts as oil prices lag
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FRANKFURT, Germany (AP) — Saudi Arabia and allied oil producing countries face a decision Sunday on whether to extend production cuts set to expire next...

FRANKFURT , Germany — Saudi Arabia and allied oil producing countries face a decision Sunday on whether to extend production cuts set to expire next month — a move that could push oil prices higher as the summer travel season increases demand for fuel and as the U.S. presidential election contest heats up.

The Saudis need higher oil prices to fund ambitious plans by Crown Prince Mohammed bin Salman to diversify the country's economy away from fossil fuel exports. Higher oil prices would also help Russia maintain economic growth and stability as it spends heavily on its war against Ukraine.“The probable extension of the voluntary production cuts by OPEC+ should cause oil prices to rise again,” said Barbara Lambrecht, commodities analyst at Germany's Commerzbank.

Sources told PEOPLE last spring that Melania hoped her husband's criminal case would disappear. Now, the Stormy Daniels hush money scheme is an impossible subject for her to avoidHillary Clinton made a not-so-subtle reference to Donald Trump’s criminal conviction Thursday while presenting an award in Washington, D.C.

According to the UK Ministry of Defence, "Corruption is deeply rooted in the Russian MOD, and it is likely that there will be further arrests."CNN anchor Wolf Blitzer challenged Sen. JD Vance on Friday to square how Republicans can call themselves “the party of law and order” when their presumptive presidential nominee was just convicted on 34 felony charges.

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