Yahoo Canada Web Search

Search results

1. Videos

   • 

     oilprice.com

     OPEC Tapering Mechanisms Will Continue To Dictate Oil Prices | OilPrice.com

     Nov 6, 2024

   • 

     8:42

     youtube.com

     Oil rises as OPEC+ delays output hike

     Nov 4, 2024

     2.4K Views

   • 

     2:54

     youtube.com

     Crude Oil Prices Up 3% Overnight As OPEC+ Delay Output Hike By 1 Month | CNBC TV18

     Nov 5, 2024

     633 Views

   • 

     2:39

     youtube.com

     Crude Prices Gain As OPEC+ Delays Its Planned Output Hike Of 180k Bpd By 1 Month | CNBC TV18

     Nov 4, 2024

     165 Views

   • 

     0:53

     youtube.com

     Oil Shock How OPEC+ Could Soften Supply Disruptions Amid Conflict #news

     Oct 3, 2024

     6 Views

   • 

     1:03

     youtube.com

     OPEC+ extends deep oil output cuts into 2025 | REUTERS

     Jun 2, 2024

     1.6K Views

   • 

     1:00

     youtube.com

     Oil Prices Plunge Below $70: OPEC+ Report Shakes Market! What’s Next?

     Sep 11, 2024

     7.7K Views

   • 

     7:31

     youtube.com

     Oil prices unmoved by OPEC+ production pause. Two reasons why

     Sep 5, 2024

     3.3K Views

   • 

     6:56

     youtube.com

     OPEC+ has deal to pause oil hike for 2 months

     Sep 6, 2024

     7K Views

   View all

2. www.reuters.com › markets › commoditiesWhat is OPEC+ and how does it affect oil prices? | Reuters

   www.reuters.com › markets › commodities

   May 24, 2024 · OPEC+ crude output represents about 41% of global oil production. The group's main objective is to regulate the supply of oil to the global market.

   • What is OPEC+ and how does it impact oil prices? | Reuters

     Nov 20 (Reuters) - The Organization of the Petroleum...

   • OPEC+ may stick with deep oil cuts for longer due to weak ...

     OPEC+ will have little room to manoeuvre on oil policy when...

3. www.youtube.com › watchWhat is OPEC? | CNBC Explains - YouTube

   www.youtube.com › watch

   • Cached

   Jun 20, 2018 · The fluctuating price of oil is largely decided by supply and demand and the collective actions of OPEC, an organization that provides 40% of the world’s oil. CNBC's Tom Chitty explains.

   • Video Duration: 4 min
   • Views: 302.3K

   • Author: CNBC International

4. globalnews.ca › news › 10522634What is OPEC and how does it affect oil prices?

   globalnews.ca › news › 10522634

   • Cached

   May 24, 2024 · The Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia are known collectively as OPEC+ and will meet on June 2, 2024 to discuss their joint oil production policy.

   • Video Duration: 2 min

   • Author: Yousef Saba

5. www.weforum.org › stories › 2022What are OPEC and OPEC+? How do they influence oil prices ...

   www.weforum.org › stories › 2022

   • Cached

   Nov 11, 2022 · OPEC+ in October decided to cut production by 2 million barrels a day – the biggest reduction since April 2020. It says the move is entirely based on “economic factors” and aims to support stability and balance in oil markets. It insists the cut was a unanimous decision by its members.

6. www.bbc.com › news › business-61188579Opec: What is it and what is happening to oil prices? - BBC

   www.bbc.com › news › business-61188579

   Jun 5, 2023 · Opec+ is a group of 23 oil-exporting countries which meets regularly to decide how much crude oil to sell on the world market. At the core of this group are the 13 members of Opec (Organization...

7. www.reuters.com › business › energyWhat is OPEC+ and how does it impact oil prices? | Reuters

   www.reuters.com › business › energy

   May 31, 2023 · Nov 20 (Reuters) - The Organization of the Petroleum Exporting Countries (OPEC) and its allies, including Russia, are known as OPEC+ and will meet in Vienna, Austria, on Nov. 26 to discuss their...

8. People also ask

   How does OPEC+ work?

   • Together, Opec+ countries produce about 40% of all the world's crude oil. "Opec+ tailors supply and demand to balance the market," says Kate Dourian, of the Energy Institute. "It keeps prices high by lowering supplies when the demand for oil slumps." The organisation can also lower prices by putting more oil into the market.

   Opec: What is it and what is happening to oil prices? - BBC

   www.bbc.com/news/business-61188579

   See all results for this question

   Will OPEC+ release more oil?

   • OPEC+ to release more oil. OPEC says its job is to regulate supply and demand rather than prices. The group’s members depend heavily on oil revenue, with Saudi Arabia’s budget balancing at an oil price of between $90 and $100 a barrel, according to various estimates.

   What is OPEC and how does it affect oil prices?

   globalnews.ca/news/10522634/what-is-opec-and-how-does-it-affect-oil-prices/

   See all results for this question

   Will OPEC's joint oil production policy affect global oil prices?

   • Members of the The Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia will meet next week (June 2, 2024) to discuss their joint oil production policy, which could have a impact on global oil prices. Jakub Porzycki/NurPhoto via Getty Images

   What is OPEC and how does it affect oil prices?

   globalnews.ca/news/10522634/what-is-opec-and-how-does-it-affect-oil-prices/

   See all results for this question

   How does OPEC affect global oil prices?

   • OPEC estimates that its member countries hold about 80% of the world's proven oil reserves. Because of its large market share, the decisions OPEC makes can affect global oil prices. Its members meet regularly to decide how much oil to sell on global markets. As a result, when they lower supply in response to falling demand, oil prices tend to rise.

   What is OPEC+ and how does it affect oil prices? | Reuters

   www.reuters.com/markets/commodities/what-is-opec-how-does-it-affect-oil-prices-2024-05-24/

   See all results for this question

   Why did OPEC reduce oil production?

   • After that development, OPEC+ reduced oil production by 10 million barrels a day, which is equivalent to about 10 per cent of global production, to try to bolster prices. OPEC+ to release more oil. OPEC says its job is to regulate supply and demand rather than prices.

   What is OPEC and how does it affect oil prices?

   globalnews.ca/news/10522634/what-is-opec-and-how-does-it-affect-oil-prices/

   See all results for this question

   How much oil does OPEC produce a day?

   • OPEC+ crude output represents about 41% of global oil production. The group's main objective is to regulate the supply of oil to the global market. The leaders are Saudi Arabia and Russia, which produce and 9 million and 9.3 million barrels per day (bpd) of oil respectively.

   What is OPEC+ and how does it affect oil prices? | Reuters

   www.reuters.com/markets/commodities/what-is-opec-how-does-it-affect-oil-prices-2024-05-24/

   See all results for this question

9. www.reuters.com › business › energyOPEC+ may stick with deep oil cuts for longer due to weak ...

   www.reuters.com › business › energy

   20 hours ago · OPEC+ will have little room to manoeuvre on oil policy when it meets in December: it would be risky to increase output because of weak demand, and difficult to deepen supply cuts because some ...