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Tag: OPEC
Opec oil producers announce surprise cut in output
[ad_1] The cuts by the Opec+ group amount to more than one million barrels per day and are set to push up prices. [ad_2] Source link
In Surprise, OPEC Plus Announces Cut in Oil Production
[ad_1] Saudi Arabia, Russia and their oil-producing allies announced on Sunday that they would cut production by nearly 1.2 million barrels of crude a day, or more than 1 percent…
Opec+ nations make surprise output cuts of more than 1mn b/d
[ad_1] Saudi Arabia and other members of the Opec+ group announced surprise oil production cuts totalling more than 1mn barrels a day, putting Riyadh on a collision course with the…
Reaction: OPEC output cuts to roil markets
[ad_1] April 2 (Reuters) – A surprise production cut by Saudi Arabia and other Middle East producers has caught the energy industry flat-footed and will lift global prices with little…
OPEC+ Members Set to Cut Production Voluntarily
[ad_1] World Members plan to cut 1.6 million barrels a day, with one third of cuts coming from Saudi Arabia [ad_2] Source link
OPEC+ Likely to Keep Output Cut Levels as Group Meets April 3
[ad_1] By Adedapo Adesanya The Organisation of the Petroleum Exporting Countries and its allies (OPEC+) will likely stick to its existing deal to cut oil output at a meeting on…
Stable oil prices seen to sustain stock appeal
[ad_1] PETALING JAYA: The appeal of local oil and gas (O&G) stocks remains intact, as global crude oil prices are expected to stay relatively stable through 2023, backed by healthy…
EXCLUSIVE OPEC told to expect limited U.S. oil output growth, for now – sources
[ad_1] Shale outlook discussed at Tuesday OPEC technical meeting U.S. output growth seen at about 200,000 bpd in 2021 Capital discipline remains focus for shale companies, OPEC told OPEC meets…
Analysis: U.S. wants more oil, but OPEC+ can’t turn on the tap much harder
[ad_1] OPEC+ worries faster supply hike may cause glut in 2022 Yet OPEC+ already struggling to pump more oil Biden seeks oil stocks release as OPEC+ sticks to plan Faster…