OPEC

OPEC and its allies agreed on Tuesday to release 400,000 barrels a day in February.

OPEC and its allies took part in a meeting Thursday where they decided to approve a production increase of 400,000 barrels per day for the month of January.

"What's tough for Biden is that it doesn't matter what else he does. If the price of gas stays high, that's that," said Noah.

The EIA's recent report stated U.S. households that rely on natural gas could spend an average of $746 to heat their homes this winter—up 30 percent from the previous one.

President Joe Biden has called on OPEC members to produce more oil despite efforts to combat climate change.

An increase in COVID cases due to the Delta variant and an OPEC deal are said to have affected the nation's gas prices.

A station in a small community a few hours from San Francisco holds the record for the highest pump prices.

Bitcoin reached $61,556.59 this weekend, eclipsing its previous high of $58,356. "If you're looking for one word, it would be 'inevitable!'" Jason Deane, analyst at Quantum Economics, in London, told Newsweek.

Russia's recent ban on wheat exports is likely motivated by immediate concerns shared by other nations. But suggestions mooted by officials last year to create a "Grain OPEC" are more alarming—and Europe needs to plan ahead.

Trump said the United States will cut its oil production by a quarter-million barrels of crude oil per day to help Mexico meet OPEC's demands for a deal to bolster global petroleum prices.

All other members of OPEC agreed to cut 10 million barrels a day in production, a 23 percent reduction of the group's baseline.

"We're going to take care of our energy business. ... If I have to do something to protect thousands or tens of thousands of energy workers and our great companies that produce all these jobs, I'll do whatever I have to do," Trump said.

"The Kremlin has decided to sacrifice OPEC+ to stop U.S. shale producers and punish the U.S. for messing with Nord Stream 2," Alexander Dynkin told Bloomberg.

A shale oil boom in the U.S. is helping to create a glut in supply, putting pressure on OPEC to cut production.

"Uncertainties remain, the challenge gets harder, but the future's bright, now we've a charter," the OPEC+ poem read.

Qatar's energy affairs minister announced that the country would end its 57-year membership in the cartel because it wanted to develop its liquefied natural gas.

To many, the United States appears beholden to the Saudi kingdom. In actuality, Riyadh needs Washington more than Washington needs Riyadh.

Oil prices have dropped significantly, with the U.S. benchmark price dipping below $60 per barrel.

"U.S. sanctions against Iran will both weigh on Iran's oil production prospects in the medium term and reduce Iran's crude exports in the short term...," the report predicts.

The world's top two oil producers struck a deal to raise output starting last month, according to reports.

Prices could reach $90 a barrel.

"You impose sanctions on major producers ... and yet you are asking them to reduce the prices?"

The president is worried about gas prices ahead of the midterms.

Trump has long believed OPEC is "ripping us off."

The leader of one of the world's biggest oil producers officially owns three Russian-made cars.

OPEC members have agreed to cut output by 1.2 million barrels per day for the first half of 2017.

The country's oil supply is far greater than previously reported.

No matter how many times we hear that oil prices are cyclical, we tend to believe the present trend is here to stay.

Two energy advisers to Donald Trump want him to call out OPEC members for driving down world oil prices.

Elevation of Khalid al-Falih seen as message that Saudi Arabia is moving forward with plans to be less reliant on oil profits.