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Apr 14, 2023 · Thanks to the surprise production cuts from the alliance between the Organization of the Petroleum Exporting Countries (OPEC) and non-member oil-producing nations — known as OPEC+ — oil...
- Josh Enomoto
Oct 1, 2024 · Many OPEC+ producers operate as national oil companies instead of independents, making it easier to regulate production. The idea is to avoid flooding the market with supply and tank oil...
- Daniel Foelber
May 24, 2024 · 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)...
Oct 8, 2022 · The OPEC+ group of oil-producing countries has agreed on a drastic cut to the global supply. The speculation has helped oil reverse its recent declines.
- Philip Van Doorn
- This Is The Norm, Not The Exception
- OPEC's Move Is A Boon For This Dividend Giant
- Enhancing Its Ability to Capitalize on Crude Oil
Reuben Gregg Brewer(Chevron):Stepping back, the big story with regard to oil prices is that they were heading lower and then they started to head higher again, in a rapid and dramatic fashion. This time around it was news from OPEC, which is a common theme but not a necessary one. Oil and natural gas are commodities, and they are volatile -- hard s...
Neha Chamaria (ExxonMobil):With OPEC going for a surprisingly big production cut, oil prices are already heading higher in anticipation of a tighter oil market. As one of the world's largest oil exploration and production companies, ExxonMobil stands to benefit from higher oil prices. The impact, though, could be even more powerful now, what with t...
Matt DiLallo(Devon Energy): Devon Energy has feasted on higher oil prices this year. The oil and gas company's operating cash flow more than doubled during the second quarter, while free cash flow hit a record at $2.1 billion. That gave the company a considerable windfall to allocate on behalf of shareholders. Devon used that money to pay a growing...
May 31, 2023 · 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 joint output policy.
People also ask
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Apr 7, 2023 · How will OPEC+ cuts affect oil and gas prices? How will oil output cuts influence the Fed's actions? How would higher oil prices impact the economy? Will oil production cuts lead to...
