Revelations 18:23:’For the merchants were the great men of the earth; for by thy sorceries were all nations deceived.’

Important Takeaways:

• Saudis Decided to Cut Oil Production After Biden Fist-Bump Summit
• Saudi Crown Prince Mohammed bin Salman personally ordered a drop in oil production increases after leftist American President Joe Biden met with him in Riyadh this summer, the Wall Street Journal claimed in a report citing anonymous rumors on Tuesday.
• According to the Wall Street Journal, citing “people familiar with the talks,” the OPEC+ production cut followed desperate pleas from the Biden White House to delay any production cuts for another month, which would result in price hikes occurring after the midterm elections.
• “Saudi officials dismissed the requests” with “a resounding no,” according to the newspaper, in part because “they viewed [the request] as a political gambit by the Biden administration to avoid bad news ahead of the U.S. midterm elections.”

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