John Catsimatidis forecasts how high fuel costs will rise this winter
United Refining Company CEO John Catsimatidis tells ‘Varney & Co.’ there is a struggle between common sense oil prices and where oil producing nations are pushing fuel costs.
OPEC+ is meeting this week to decide on production.
The group of oil producers will reportedly consider cutting output by more than 1 million barrels a day, delegates tell Bloomberg.
The meeting will take place on Wednesday in Vienna.
.A production cut would reflect the concern that the global economy is slowing fast in the face of rapidly tightening monetary policy.
EXXON CEO WARNS BIDEN ADMINISTRATION AGAINST LIMITING FUEL EXPORTS