The OPEC+ surprise announcement to cut oil production 1.16 million barrels per day (bpd) shows that global market dynamics are again the deciding role in oil prices as the per barrel price in the United States spiked 5.31 percent to $84.13 a barrel.
A legislative package (H.R. 1) making its way through the U.S. House would streamline permitting of energy projects, increase domestic energy production, ensure reliable energy supplies and reduce emissions – all things that have been deemed critical on both sides of the aisle.
