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- Analysts at Macquarie said the prospects for OPEC+ increasing output in the first half of 2025 looked tenuous given seasonal demand weakness. Deepening production cuts is also unlikely because several OPEC+ members are pushing to pump more, not less.
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 ...
- Explainer: Why is OPEC+ cutting oil output? | Reuters
Here are the main reasons why OPEC+ cut output: CONCERNS...
- Why did OPEC cut oil production? Key reasons explained
SEEKING HIGHER PRICES. Many analysts said OPEC+ was keen to...
- Explainer: Why is OPEC+ cutting oil output? | Reuters
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 soared to more...
Nov 30, 2023 · Initial leaks from the OPEC+ meeting suggested that the voluntary nature of additional output cuts is likely contributing to the negative market sentiment.
- Zerohedge
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...
Apr 3, 2023 · SEEKING HIGHER PRICES. Many analysts said OPEC+ was keen to put a floor under oil prices at $80 per barrel while UBS and Rystad predicted a jump back to $100. However, excessively high oil...
Apr 3, 2023 · The Opec+ group has shocked oil markets by announcing a surprise production cut of more than 1mn barrels a day, boosting the oil price and raising tensions with western allies.
Jun 5, 2023 · 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.
