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Saudis Pledge Million-Barrel Cut at OPEC+ Meet; Oil Surges

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Saudi Arabia has pledged an extra 1 million barrel-a-day oil supply cut in July to stabilize the market following an OPEC+ meeting over the weekend. Oil jumped after the announcement. Su Keenan reports on Bloomberg Television.

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25 Comments

25 Comments

  1. @Chriswatt313

    January 28, 2024 at 12:59 pm

    Who benefits from instability in the Middle East ……big oil……..dnt get how hamas could of got into Israel that easy in mass wiv heavy guns 50 cal and vehicles,when there borders are well defended ,some one helped train em to spec opp level….makes u think

  2. @kayhussain8468

    January 28, 2024 at 12:59 pm

    The day opec takes all currency to buy oil is the days that U.S. inflation goes over 15 percent in 2024 I think

  3. @_6666-

    January 28, 2024 at 12:59 pm

    @forest2344 PERHAPS THATS WHY B.R.I.C.S. WAS FORMED ? 🧐

  4. @_6666-

    January 28, 2024 at 12:59 pm

    GO OPEC ! SOVEREIGN U.S.TRIBAL NATIONS SHOULD BE ABLE TO APPLY ! FOR A BETTER FUTURE

  5. @nyfan9215

    January 28, 2024 at 12:59 pm

    World needs more cut as a woke liberal climate activist i support this

  6. @forest2344

    January 28, 2024 at 12:59 pm

    BRICS wants to build a new currency. It is also worth noting that gold has historically been used as a store of value and a means of exchange, and some countries still hold significant amounts of gold in their reserves. However, it is unclear how a new currency backed by gold would function in the current global financial system and whether it would gain widespread acceptance. Ultimately, any decision to create a new currency would be subiect to numerous economic, political, and logistical considerations.

  7. @zerog4879

    January 28, 2024 at 12:59 pm

    If rice and wheat had a cartel these guys would starve in the desert.

  8. @johnnycarson109

    January 28, 2024 at 12:59 pm

    Start buying at your local Stores now supplies food water and tools! Because Price are going up and guess what that means… More money for the greedy businesses price of milk $6 nope make it $12 and no pay raise for you employees. Your all going to have nothing and be happy.

  9. @anam.caballerowilson9421

    January 28, 2024 at 12:59 pm

    Hammer down!!

  10. @anam.caballerowilson9421

    January 28, 2024 at 12:59 pm

    Interesting! My boy lollipop

  11. @crstyalrepoosoot9

    January 28, 2024 at 12:59 pm

    Opec 👍👍😂😂😂

  12. @patpp

    January 28, 2024 at 12:59 pm

    It will increase inflation and will be bad for the common people around the globe.

  13. @happykitten5695

    January 28, 2024 at 12:59 pm

    🙏☮💛🕉️

  14. @Shining237

    January 28, 2024 at 12:59 pm

    I hope the price of 🛢️⛽ skyrockets. Maybe then our 🇺🇲 leaders in Washington will stop these needless expensive proxy Wars 🪖

  15. @parrsnipps4495

    January 28, 2024 at 12:59 pm

    Interesting isn't it, that as much as people are saying we need to get to net zero carbon emissions, when the Saudi's cut back, people are like those bastards, we don't want to pay more at the pumps!

  16. @abhijitpal7750

    January 28, 2024 at 12:59 pm

    06/06/2023.
    Saudi stocks market record high. 61.67%.
    Bonds market record high.
    Jobs market record high.
    Labor market record high.
    Equities market record high.
    Credit market record high.
    Gasoline prices high.
    Oil market record high.
    Housing market record high.
    Food prices high.
    1981 to 2004. Saudi economic history.
    Jai shree krishna.

  17. @domfel2123

    January 28, 2024 at 12:59 pm

    nauxious

  18. @DjDmt

    January 28, 2024 at 12:59 pm

    They already know we're in a recession

  19. @lilacer6841

    January 28, 2024 at 12:59 pm

    Well done OPEC+

  20. @mdubb4855

    January 28, 2024 at 12:59 pm

    Looks like someone needs to pay for an IPO.

  21. @xanvavy

    January 28, 2024 at 12:59 pm

    The real cartel is the Biden administration.

  22. @zionen01

    January 28, 2024 at 12:59 pm

    Saudis are losing so much money and they’ll never make it back. Recession is here and market slowdown means low demand regardless.

  23. @yihuda7459

    January 28, 2024 at 12:59 pm

    This will hurt many developing countries especially the poor countries….they already struggle from after corona ,inflation, Ukrainian war and,us interest rate hikes….

  24. @AS-tt8ui

    January 28, 2024 at 12:59 pm

    We lost our energy independence. Thanks Joe. I hope gas goes to $6.00 in 2024 right before election.

  25. @donrektmeplease

    January 28, 2024 at 12:59 pm

    This is the most hilarious thing in the world. Sauds have been hoarding THEIR oil while selling RUSSIAN oil to the world since the Ukraine war started & the western world is happily gobbling it up in pretence of its overwhelming support of Ukraine.

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Dan Ives Sees Nvidia Price Hike as Bullish Overall for Tech

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Dan Ives, partner and senior managing director at Yorkville Ives & Co., previews quarterly earnings from Nvidia as the company tells customers that the prices of servers containing its artificial intelligence chips are going up more than 15% in many cases.
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Trump Opens Door to Hyperliquid In ‘Unprecedented Move’

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Bloomberg Intelligence’s Dushyant Shahrawat joins Scarlet Fu and Tim Stenovec on “Bloomberg Crypto.”  President Trump said US regulators are working to bring Hyperliquid, a fast-growing crypto platform, into the country, offering one of the clearest signals yet that the White House wants to pull a major piece of the industry’s offshore market infrastructure onshore.
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Kuaishou Slides After Weak 3Q Guidance | The China Show | 8/20/2026

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“Bloomberg: The China Show” is your definitive source for news and analysis on the world’s second-biggest economy. From politics and policy to tech and trends, Yvonne Man and David Ingles give global investors unique insight, delivering in-depth discussions with the newsmakers who matter.

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Stocks Fall Ahead of High-Stakes Week; Canada Sees Long US Trade War | Bloomberg Brief 08/24/2026

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Canada Braces for Lengthy Trade Standoff With the US | Insight with Haslinda Amin 8/24/2026

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