March 27, 2024

Wednesday, March 27, 2024
March 27, 2024

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World news biblically understood

TRENDING:

OPEC+ to Reduce Oil Production by 9.7 Million Barrels Per Day for Two Months

Russia & Saudi Arabia conclude oil dispute in historical deal; This reduction is reported to be nearly 10% of the global supply; This move seeks to combat the dropping oil prices worldwide.


The Organization of the Petroleum Exporting Countries (OPEC) and Russia agreed Sunday to conclude their ongoing oil feud amid the coronavirus, implementing a historic deal that results in them reducing oil production by 9.7 million barrels per day (bpd). This is reported to be approximately 10% of the global supply.

The agreement includes a reduction of 9.7 million bpd for the months of May and June. This is the largest oil production cut ever, surpassing by four times that of the 2008 financial crisis, adding to the list of devastating economic effects coming from COVID-19.

OPEC currently consists of Algeria, Angola, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, the Republic of the Congo, Saudi Arabia (the de facto leader), the United Arab Emirates, and Venezuela. The term OPEC+ comes from the combination of this list of countries and non-OPEC participants. In this case, Russia and Mexico.

US President Donald Trump praised the deal on Sunday, tweeting, “The big Oil Deal with OPEC Plus is done. This will save hundreds of thousands of energy jobs in the United States. I would like to thank and congratulate President Putin of Russia and King Salman of Saudi Arabia. I just spoke to them from the Oval Office. Great deal for all!” The president got involved after a dispute between Mexico and the Saudi’s almost further delayed the entire deal.

On a much lesser scale, the United States, Brazil, and Canada are likely to reduce oil production by a combined 3.7%.

The crude price is now floating around $32 per barrel, dropping from over $59 per barrel on January 28, 2020, due to the decreased demand worldwide amid the ongoing pandemic.

OPEC+
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Of News Events Around The World.

As Abortion Pill Cases Hit The Supreme Court, US Sees Highest Number Of Abortions In Over A Decade

“Abortion supporters try to make it sound more acceptable and less barbaric by saying that it ‘terminates a pregnancy.' But medication abortions, as they are called, are just another way to deliberately end the life of an unborn child—and that should be called what it is—murder.”

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Purim: Jewish Survival Isn’t Contingent On The World’s Hostility, But The Power Of God

Today, we have the same spirit of the annihilation of the Jews coming from the same part of the world. Modern Iranian leaders are obsessed with the spirit of Haman even today. We don’t need an Esther in the palace anymore. We need the prayers of the saints worldwide.

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Russia & Saudi Arabia conclude oil dispute in historical deal; This reduction is reported to be nearly 10% of the global supply; This move seeks to combat the dropping oil prices worldwide.


The Organization of the Petroleum Exporting Countries (OPEC) and Russia agreed Sunday to conclude their ongoing oil feud amid the coronavirus, implementing a historic deal that results in them reducing oil production by 9.7 million barrels per day (bpd). This is reported to be approximately 10% of the global supply.

The agreement includes a reduction of 9.7 million bpd for the months of May and June. This is the largest oil production cut ever, surpassing by four times that of the 2008 financial crisis, adding to the list of devastating economic effects coming from COVID-19.

OPEC currently consists of Algeria, Angola, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, the Republic of the Congo, Saudi Arabia (the de facto leader), the United Arab Emirates, and Venezuela. The term OPEC+ comes from the combination of this list of countries and non-OPEC participants. In this case, Russia and Mexico.

US President Donald Trump praised the deal on Sunday, tweeting, “The big Oil Deal with OPEC Plus is done. This will save hundreds of thousands of energy jobs in the United States. I would like to thank and congratulate President Putin of Russia and King Salman of Saudi Arabia. I just spoke to them from the Oval Office. Great deal for all!” The president got involved after a dispute between Mexico and the Saudi’s almost further delayed the entire deal.

On a much lesser scale, the United States, Brazil, and Canada are likely to reduce oil production by a combined 3.7%.

The crude price is now floating around $32 per barrel, dropping from over $59 per barrel on January 28, 2020, due to the decreased demand worldwide amid the ongoing pandemic.

OPEC+
CLICK HERE FOR
SOURCE

Will You Help Reach People With Biblical Truth?

When you make a donation to this ministry you will be helping us reach more people with the sound and unashamed truth of God’s Word and how it speaks to our times through world news.

The World Is Only Going To Get Rougher, But Greater Things Are Still Ahead For Believers

Over and over the Bible directs our minds to the future. This practice enables us to face the present without being overwhelmed by temporary circumstances that are unpleasant or painful. Our future is one of fullness of joy and pleasures forevermore.

As Abortion Pill Cases Hit The Supreme Court, US Sees Highest Number Of Abortions In Over A Decade

“Abortion supporters try to make it sound more acceptable and less barbaric by saying that it ‘terminates a pregnancy.' But medication abortions, as they are called, are just another way to deliberately end the life of an unborn child—and that should be called what it is—murder.”

untitled artwork 6391

Purim: Jewish Survival Isn’t Contingent On The World’s Hostility, But The Power Of God

Today, we have the same spirit of the annihilation of the Jews coming from the same part of the world. Modern Iranian leaders are obsessed with the spirit of Haman even today. We don’t need an Esther in the palace anymore. We need the prayers of the saints worldwide.

ABC's of Salvation

TV AD

worldview matters

Decision Magazine V AD

TV AD

Amir V Ad #1

Decision Magazine V AD