Move by two OPEC+ members to continue scaling back crude production likely means higher prices at the pump for U.S. drivers.
on X that global crude prices rose to their level since November of 2022 after news surfaced of the extended Saudi and Russian production cuts.
The Saudi reduction, which began in July, comes as the other OPEC+ producers have agreed to extend earlier production cuts through next year. The plan includes several massive infrastructure projects, including the construction of a futuristic $500 billion city called Neom.
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