Oil producer group OPEC and its allied partners in early October announced its largest supply cut since 2020, to the tune of 2 million barrels per day from November. With the global economy on a knife-edge and energy prices high,
Energy analysts believe deep production cuts from OPEC+ could yet backfire for U.S. ally Saudi Arabia. OPEC and non-OPEC allies, a group often referred to as OPEC+, agreed on Wednesday to reduce oil production by 2 million barrels per day
OPEC and non-OPEC partners on Wednesday agreed to impose deep output cuts, seeking to spur a recovery in crude prices despite U.S. pressure to pump more. Oil prices have fallen to roughly $80 a barrel from over $120 in early
OPEC+ meets to set policy on Monday Iran nuclear deal may boost oil supply Russia further cuts gas to Europe Brent crude falls to $93 from $120 in June LONDON, Sept 4 (Reuters) – OPEC+ is likely to keep oil
OPEC and its oil-producing allies agreed to hike output in July and August by a larger-than-expected amount as Russia’s invasion of Ukraine wreaks havoc on global energy markets. OPEC+ will increase production by 648,000 barrels per day in both July
Answering a question about whether the main issues that have prevented the ministers from completing the consultations have been settled, one of the sources told TASS that they still need to be discussed with other parties to the agreement ©