Search results
- The OPEC+ alliance of oil-exporting countries on Wednesday decided to sharply cut production to support sagging oil prices, a move that could deal the struggling global economy another blow and raise politically sensitive pump prices for U.S. drivers just ahead of key national elections.
www.ctvnews.ca/business/opec-makes-big-oil-cut-to-boost-prices-pump-costs-may-rise-1.6096654
1 day ago · Nonetheless, OPEC+'s falling market share has led to speculation that sooner or later, it may launch a price war to push rivals out. The last time OPEC did this was in 2014-2015, when it raised ...
Jun 5, 2023 · Opec+ had to boost prices by cutting production dramatically - by more than nine million barrels per day. Following Russia's invasion of Ukraine, the price of Brent crude...
OPEC+ on Sunday agreed to extend all production curbs into next year, a deal that likely signals oil prices will remain elevated through the U.S. presidential election.
Nov 4, 2024 · Oil prices climbed nearly 3% on Monday on OPEC+'s decision for a month's delay in plans to increase output, while investors also focused on the U.S. presidential election.
Nov 4, 2024 · While the OPEC+ decision was anything but surprising, its impact on oil prices was immediate, with Brent crude trading at $74.37 per barrel at the time of writing, and West Texas Intermediate...
May 24, 2024 · The OPEC+ group is currently cutting output by 5.86 million bpd, equal to about 5.7% of global demand. The cuts include 3.66 million bpd by OPEC+ members to the end of 2024. A further 2.2...
Jun 2, 2022 · LONDON — The OPEC oil cartel and allied producing countries including Russia will raise production by 648,000 barrels per day in July and August, offering modest relief for a global economy...
