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1. www.ft.com › content › c95db701-5d1d-4020-a897-9bWhy Opec+ is cutting oil output now - Financial Times

   www.ft.com › content › c95db701-5d1d-4020-a897-9b

   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.

2. 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: CONCERNS ABOUT WEAK GLOBAL DEMAND. Data from China has aroused fears that the economic recovery after coronavirus lockdowns by world's...

3. Videos

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     Why did OPEC cut oil production? Key reasons explained

     Apr 3, 2023

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     OPEC+ Cuts Oil Output | Will Oil Prices Surge? How Could It Affect The Countries? | UPSC 2023

     Apr 3, 2023

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     OPEC+ oil output cuts could 'super tighten' the market if sustained, energy consultancy says

     Apr 2, 2023

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4. money.usnews.com › investing › newsAnalysis-OPEC+ May Stick With Deep Oil Cuts for Longer Due to ...

   money.usnews.com › investing › news

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   1 day ago · 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 since 2022 to support the market. Despite OPEC+'s cuts and delays to output ...

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

   www.reuters.com › business › energy

   Apr 3, 2023 · LONDON, April 3 (Reuters) - OPEC and its allies, including Russia, agreed on Sunday to widen crude oil production cuts to 3.66 million barrels per day (bpd) or 3.7% of global demand. The surprise...

6. www.reuters.com › markets › commoditiesExplainer: Why does OPEC+ often clash over oil production ...

   www.reuters.com › markets › commodities

   May 28, 2024 · LONDON, May 28 (Reuters) - OPEC+ is working to agree oil production capacity for its member countries by the end of 2024, an issue that has created tensions in the past because each nation's...

7. www.ndtv.com › world-news › explained-why-is-opecExplained: Why Is OPEC Cutting Crude Oil Output - NDTV.com

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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...

8. People also ask

   Why did OPEC+ cut output?

   • The changes, however, included lowered targets for Russia, Nigeria and Angola simply to bring them into line with current production levels. 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.

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

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

   See all results for this question

   How has OPEC+ impacted oil prices?

   • 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 since 2022 to support the market. Despite OPEC+'s cuts and delays to output hikes, oil prices have mostly stayed in the $70-$80 per barrel range this year.

   Analysis-OPEC+ May Stick With Deep Oil Cuts for Longer Due to Weak …

   money.usnews.com/investing/news/articles/2024-11-20/analysis-opec-may-stick-with-deep-oil-cuts-for-longer-due-to-weak-demand

   See all results for this question

   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

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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

   See all results for this question

   Will OPEC+ be able to increase oil output in December?

   • REUTERS/Leonhard Foeger/File Photo By Alex Lawler, Ahmad Ghaddar and Robert Harvey LONDON (Reuters) - 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 members want to pump more, sources and analysts said.

   Analysis-OPEC+ May Stick With Deep Oil Cuts for Longer Due to Weak …

   money.usnews.com/investing/news/articles/2024-11-20/analysis-opec-may-stick-with-deep-oil-cuts-for-longer-due-to-weak-demand

   See all results for this question

   Will OPEC+ agree oil production capacity by 2024?

   • LONDON, May 28 (Reuters) - OPEC+ is working to agree oil production capacity for its member countries by the end of 2024, an issue that has created tensions in the past because each nation's output target is calculated from its notional capacity.

   Explainer: Why does OPEC+ often clash over oil production capacity?

   www.reuters.com/markets/commodities/why-does-opec-often-clash-over-oil-production-capacity-2024-05-28/

   See all results for this question

9. www.afr.com › companies › energyWhy OPEC+ is (really) cutting oil output now - Financial Review

   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.