A Message from OPEC+ 10/6/22

OPEC+, including Saudi Arabia and Russia, have decided to cut oil production by 2 million barrels a day. The decision puts pressure on a Europe already squeezed by an energy crisis and a conflict in Ukraine, and it could be interpreted as a snub to the Biden administration, which has been asking the Saudi Kingdom to ramp up production to ease pressure on the U.S. energy markets. CNBC’s Brian Sullivan, on the ground in Vienna for the announcement, deciphers the message OPEC and Russia are sending to the United States with their decision, and Rep. Ro Khanna (D-CA) offers a message that we as Americans could send back. Plus, the team unpacks the hairy details of getting a Twitter-Musk deal done, and Louisiana is firing back against ESG. 

 

In this episode:

Ro Khanna, @RepRoKhanna

Becky Quick @BeckyQuick

Joe Kernen, @JoeSquawk

Andrew Ross Sorkin, @andrewrsorkin

Brian Sullivan, @SullyCNBC

Cameron Costa, @CameronCostaNY