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Apr 3, 2023 · The surprise announcement helped push up prices by $5 per barrel to above $85 per barrel. Here are the main reasons why OPEC+ is cutting output: CONCERNS ABOUT WEAK GLOBAL DEMAND
- Explainer: Why is OPEC+ cutting oil output? | Reuters
The Organization of the Petroleum Exporting Countries and...
- OPEC+ may stick with deep oil cuts for longer due to weak ...
This has left OPEC+ maintaining output cuts for longer than...
- Explainer: Why is OPEC+ cutting oil output? | Reuters
Jun 5, 2023 · The Organization of the Petroleum Exporting Countries and allies including Russia, a group known as OPEC+ which pumps around 40% of the world's crude, agreed on a new oil output deal on Sunday.
Jun 5, 2023 · The Organization of the Petroleum Exporting Countries and allies including Russia, a group known as OPEC+ which pumps around 40% of the world's crude, agreed on a new oil output deal on Sunday. Saudi Arabia, the group's biggest producer, will make a deep cut to its output in July on top of a broader OPEC+ deal to limit supply into 2024 as the group faces flagging oil prices.
1 day ago · This has left OPEC+ maintaining output cuts for longer than it had thought. The group has cut output by 5.86 million barrels per day, or about 5.7% of global demand, in a series of steps agreed ...
Apr 3, 2023 · Why Opec+ is cutting oil output now on ... the cut would add “support of around $10 per barrel”. ... of between 1mn and 1.5mn barrels a day in the second half of this year before Opec+’s new ...
Apr 4, 2023 · The OPEC+ group has shocked oil markets by announcing a surprise production cut of more than 1 million barrels a day, boosting the oil price and raising tensions with Western allies.
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Jun 5, 2023 · Here are the main reasons why OPEC+ cut output: CONCERNS ABOUT WEAK GLOBAL DEMAND Data from China has aroused fears that the economic recovery after coronavirus lockdowns by world's second-largest ...
