Saudi Arabia – Page 8 – One America News Network

PGA Tour Ron Price and PGA Tour Policy Board member Jimmy Dunne are sworn in during a Senate Homeland Security Subcommittee on Investigations hearing examining the business deal between the PGA Tour and the Public Investment Fund of Saudi Arabia's LIV Golf on Capitol Hill July 11, 2023 in Washington, DC. In early June, the PGA Tour and LIV Golf announced plans for a framework agreement to create a new global golf entity, which will be heavily funded by Saudi Arabia's Public Investment Fund. (Photo by Drew Angerer/Getty Images)

Senate scrutinizes PGA Tour-LIV Golf merger in key hearing

The PGA Tour defended its decision to merge with LIV Golf in front of the Senate early on Tuesday morning.

An Iraqi man herds his water buffalos on the Shatt al-Arab river next to the Nahr Bin Omar oil field and facility near Iraq's southern port city of Basra on April 4, 2023. - Major oil powers led by Saudi Arabia announced a surprise production cut of more than one million barrels per day on April 2, calling it a "precautionary" move aimed at stabilising the market. (Photo by Hussein FALEH / AFP) (Photo by HUSSEIN FALEH/AFP via Getty Images)

Saudi oil production cuts could spike gas prices

Oil cuts announced by Saudi Arabia have prompted fears that gas prices may be on the rise.

MILL VALLEY, CA - MARCH 03: A customer pumps gasoline into his car at an Arco gas station on March 3, 2015 in Mill Valley, California. U.S. gas prices have surged an average of 39 cents in the past 35 days as a result of the price of crude oil prices increases, scheduled seasonal refinery maintenance beginning and a labor dispute at a Tesoro refinery. It is predicted that the price of gas will continue to rise through March. (Photo by Justin Sullivan/Getty Images)

Saudi Arabia will reduce oil supply, higher gasoline prices to possibly hit U.S. soon

Saudi Arabia will reportedly be cutting back on the amount of oil it exports to the world economy in an effort to support the sagging price of crude after two earlier supply cuts by major oil-producing nations in the OPEC+ alliance failed to do so.