You Searched For "opec cuts" and got 18 results
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1 min read
OPEC Plus will continue oil output cuts as prices remain unchanged
OPEC described the move as aiming to "achieve and sustain a stable oil market, and to provide long-…
ANI
4 mins read
Actually, OPEC did cut production
So in 2009, the Nigerian government decided to curtail the chaos and huge financial losses by signi…
1 min read
No matter how much OPEC cuts oil production, other countries will 'fill the hole,' trader says
"We're looking at 2024 and we're concerned that the market is actually going to end up being oversu…
Aruni Soni
2 mins read
The White House is making a last-minute bid to stop OPEC+ slashing oil production, report says
OPEC's members meet Wednesday and are widely expected to slash oil production by as much as 2 milli…
George Glover
3 mins read
3 reasons OPEC isn't telling the oil market what it wants to hear
"These developments would bear some resemblance to the situation in 1997/1998, in our view, as Saud…
2 mins read
Here's why OPEC's production cuts haven't boosted the price of oil
Oil demand is uncertain at a time when supply is rising both from countries within OPEC+ and from p…
Phil Rosen
2 mins read
Biden escalates feud with Saudi Arabia, warning of 'consequences' for cutting oil production in coordination with Russia
The White House said the OPEC+ decision to cut production targets, which will increase oil prices, …
Sinéad Baker
2 mins read
Oil prices could crash 50% if OPEC+ lets output rise and doesn't extend cuts through 2024, Citi commodities research chief says
Eliminating oil production cuts would be "so painful" for OPEC that the organization is likely to s…
Filip De Mott
3 mins read
Oil supply concerns mount as OPEC cuts output, US sanctions bite
In this Friday, July 17, 2009 file photo, an Iraqi worker operates valves at the Nahran Omar oil re…
Gina Heeb
5 mins read
Oil post OPEC Deal – real change or just a smoke screen
The question that the oil market is grappling with is – will this balance the market, how much will…
1 min read
Oil Falls Back Below $78 After OPEC Cuts Outlook
The report added that, "Over the period 2013-2019, total non-OPEC supply increases steadily, rising…
Myles Udland
1 min read
Oil prices briefly spike as Russia suggests more OPEC+ cuts will hit markets in 2024
But oil prices later gave up gains and turned lower, with Brent crude and West Texas Intermediate b…
Jennifer Sor
1 min read
There was nothing political about OPEC's production cut, UAE energy minister says
"UAE supported the technical decision of OPEC on the technical merits of that decision. And there i…
Jennifer Sor
1 min read
Putin backs OPEC production cuts but warns of losing oil-market share to the US
Putin backed the production cuts, but said the output is dropping "while it grows in other countrie…
Yuheng Zhan
3 mins read
An oil CEO says crude prices could surge 90% to $70 by fall because US firms have 'over-cut production'
Dan Eberhart, chief executive of Canary, said the US has over cut production so "there is going to …
Saloni Sardana
1 min read
OPEC+ to cut oil output by 2 million bpd from November
The Organisation of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+…
1 min read
Chinese oil demand is suddenly collapsing as Beijing extends zero-COVID policies, OPEC says
OPEC now sees China's demand for oil dropping by 60,000 barrels per day this year, after forecastin…
Brian Evans
3 mins read
Pradhan congratulates OPEC for production cuts, calls for responsible steps to revive economy
Members of OPEC and their allies, including Russia and Mexico, had in April agreed to cut producti…