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1. www.reuters.com › business › energyExplainer: Why is OPEC+ cutting oil output? | Reuters

   www.reuters.com › business › energy

   Jun 5, 2023 · Here are the main reasons why OPEC+ cut output: Data from China has aroused fears that the economic recovery after coronavirus lockdowns by world's second-largest oil consumer...

   • Why did OPEC cut oil production? Key reasons explained

     Here are the main reasons why OPEC+ is cutting output: Saudi...

2. www.reuters.com › business › energyWhy did OPEC cut oil production? Key reasons explained

   www.reuters.com › business › energy

   Apr 3, 2023 · Here are the main reasons why OPEC+ is cutting output: Saudi Arabia has said voluntary output cuts of 1.66 million bpd on top of the existing 2 million bpd cuts were made as a precautionary...

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     World oil prices up as OPEC+ extends output cuts to year-end | ANC

     Nov 4, 2024

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     Oil Set for Worst Loss in a Year Even Amid OPEC+ Delay

     Sep 6, 2024

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     Why is OPEC+ cutting oil production and what’s next?

     Oct 6, 2022

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4. www.theglobeandmail.com › business › industry-newsWhy is OPEC+ cutting oil output? - The Globe and Mail

   www.theglobeandmail.com › business › industry-news

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   Jun 5, 2023 · Here are the main reasons why OPEC+ cut output: Data from China has aroused fears that the economic recovery after coronavirus lockdowns by world’s second-largest oil consumer is losing steam.

5. www.cnn.com › 2020/04/12 › energyOPEC+ reaches deal to cut oil production by 9.7 million ... - CNN

   www.cnn.com › 2020/04/12 › energy

   Apr 12, 2020 · Sunday’s announcement comes after OPEC+ tried to reach an agreement Thursday to cut 10 million barrels a day, but Mexico would not sign onto that deal. On Friday, though, Mexican President...

6. www.afr.com › companies › energyOPEC+ oil production cut: Why the cartel is cutting output now

   www.afr.com › companies › energy

   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. But why...

7. www.bbc.com › news › business-52264546Record deal to cut oil output ends price war - BBC

   www.bbc.com › news › business-52264546

   Apr 12, 2020 · Opec producers and allies have agreed a record oil deal that will slash global output by about 10% after a slump in demand caused by coronavirus lockdowns. The deal, agreed on Sunday via video...

8. People also ask

   Why is OPEC+ cutting output?

   • Here are the main reasons why OPEC+ is cutting output: Saudi Arabia has said voluntary output cuts of 1.66 million bpd on top of the existing 2 million bpd cuts were made as a precautionary measure aimed at supporting market stability.

   Why did OPEC cut oil production? Key reasons explained

   www.reuters.com/business/energy/why-is-opec-cutting-oil-output-2023-04-03/

   See all results for this question

   What did OPEC cut in 2024?

   • On Sunday, in addition to extending the existing OPEC+ cuts of 3.66 million barrels per day (bpd), the group agreed to reduce overall production targets from January 2024 by a further 1.4 million bpd to a combined output of 40.46 million bpd.

   Explainer: Why is OPEC+ cutting oil output? | Reuters

   www.reuters.com/business/energy/why-is-opec-cutting-oil-output-2023-06-05/

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   When will OPEC cut oil production?

   • Members of OPEC and their allies, including Russia and Mexico, announced Sunday that they have agreed to cut production by 9.7 million barrels a day in May and June, the deepest cut ever agreed to by the world’s oil producers. After that, the group will steadily ramp up production until the agreement expires in April 2022.

   OPEC+ reaches deal to cut oil production by 9.7 million barrels ... - CNN

   www.cnn.com/2020/04/12/energy/opec-deal-production-cut/index.html

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   What will OPEC+'s new cuts mean for oil prices?

   • The International Energy Agency forecast an implied deficit of between 1 million and 1.5 million barrels a day in the second half of this year before OPEC+’s new cuts. A higher oil price could make it more challenging for central banks to rein in inflation, forcing them to lift interest rates further or keep them higher for longer.

   Why OPEC+ is (really) cutting oil output now - Financial Review

   www.afr.com/companies/energy/why-opec-is-really-cutting-oil-output-now-20230404-p5cxvd

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   Why did OPEC cut a million barrels a day?

   • The attempt to prop up crude prices highlights the growing tensions between Saudi Arabia and the United States. 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.

   Why OPEC+ is (really) cutting oil output now - Financial Review

   www.afr.com/companies/energy/why-opec-is-really-cutting-oil-output-now-20230404-p5cxvd

   See all results for this question

   How much oil will OPEC cut per day?

   • The only detail to have been confirmed so far is that 9.7 million barrels per day will be cut by Opec oil producers and allies. On Monday in Asia, oil rose over $1 a barrel in early trading with global benchmark Brent up 3.9% to $32.71 a barrel and US grade West Texas Intermediate up 6.1% to $24.15 a barrel.

   Record deal to cut oil output ends price war - BBC

   www.bbc.com/news/business-52264546

   See all results for this question

9. ca.finance.yahoo.com › news › explainer-why-opecExplainer-Why is OPEC+ cutting oil output? - Yahoo Finance Canada

   ca.finance.yahoo.com › news › explainer-why-opec

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   May 30, 2023 · Here are the main reasons why OPEC+ cut output: CONCERNS ABOUT WEAK GLOBAL DEMAND. Saudi Arabia has said voluntary output cuts of 1.66 million bpd on top of the existing 2 million bpd cuts...