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     7:25

     youtube.com

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

     Apr 3, 2023

     7.1K Views

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     26:01

     youtube.com

     Will the OPEC+ oil output cut make inflation worse? | Counting the Cost

     Apr 8, 2023

     43.7K Views

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     youtube.com

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

     Apr 20, 2023

     424 Views

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     1:32

     youtube.com

     OPEC's oil surprise: how the latest production cuts will impact Americans

     Apr 8, 2023

     4.8K Views

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     0:48

     abcnews.go.com

     How will OPEC+ oil cut impact US gas prices? Experts weigh in

     Apr 3, 2023

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     4:49

     youtube.com

     Surprise new cuts in oil production by OPEC+ | The West Asia Post

     Apr 7, 2023

     45.2K Views

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     6:01

     bloomberg.com

     OPEC+ to Consider Output Cut of More Than 1 Million Barrels

     Oct 2, 2022

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     2:54

     youtube.com

     ‘OPEC+ decision to cut oil production favours Russia’; U.S. fumes as oil prices soar

     Apr 3, 2023

     2.4K Views

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     2:43

     youtube.com

     OPEC sharply cuts oil production, US disappointed by "short-sighted decision"

     Oct 5, 2022

     36.5K Views

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2. www.youtube.com › watchOil prices slip as OPEC+ agrees on deeper output ... - YouTube

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   Nov 30, 2023 · Crude oil (CL=F, BZ=F) prices dip following reports that OPEC+ member countries have agreed to cut oil production output by 1 million barrels per day in 2024...

   • Video Duration: 4 min
   • Views: 4.7K

   • Author: Yahoo Finance

3. www.youtube.com › watchHere's why the OPEC+ output cuts took the industry ... - YouTube

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   Apr 3, 2023 · CNBC's Pippa Stevens explains the voluntary output cuts from OPEC and what they mean for oil and natural gas prices. For access to live and exclusive video f...

   • Video Duration: 2 min
   • Views: 4.4K

   • Author: CNBC Television

4. www.youtube.com › watchOil Surges After OPEC+'s Unexpected Crude Production Cut

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   Apr 2, 2023 · Oil is surging after the OPEC+ announced a surprise production cut of more than 1 million barrels a day.

   • Video Duration: 3 min
   • Views: 50K

   • Author: Bloomberg Television

5. www.reuters.com › business › energyOPEC+ may stick with deep oil cuts for longer due to weak ...

   www.reuters.com › business › energy

   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 ...

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

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   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. But why has the...

7. www.bbc.com › news › business-61188579Opec: What is it and what is happening to oil prices? - BBC

   www.bbc.com › news › business-61188579

   Jun 5, 2023 · Saudi Arabia has announced it will be cutting its production of crude oil by a million barrels a day to try to boost prices. Other members of the oil producers' group Opec+ agreed to keep...

8. People also ask

   Why is OPEC+ cutting oil output?

   • Saudi Arabia's voluntary cut of one million barrels a day comes into effect in July. It follows a cut of 1.16 million barrels a day in April, which was voluntarily undertaken by eight members of Opec+, and a group-wide cut of two million barrels a day in October 2022.

   Opec: What is it and what is happening to oil prices? - BBC

   www.bbc.com/news/business-61188579

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   Will OPEC+ cut cause a rise in oil prices?

   • Other members of the oil producers' group Opec+ agreed to keep their output levels unchanged, having made cuts of more than one million barrels a day last April. Oil analysts do not expect the most recent cut to cause a big rise in world crude prices. What is Opec+?

   Opec: What is it and what is happening to oil prices? - BBC

   www.bbc.com/news/business-61188579

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   Will OPEC+ cut production?

   • Deepening production cuts is also unlikely because several OPEC+ members are pushing to pump more, not less. Key among them is the United Arab Emirates, which argues it has kept output at around 3 million bpd for too long, far below its capacity.

   OPEC+ may stick with deep oil cuts for longer due to weak demand

   www.reuters.com/business/energy/opec-may-stick-with-deep-oil-cuts-longer-due-weak-demand-2024-11-20/

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   How did OPEC+ boost oil prices?

   • 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 than $130 a barrel. However, by March 2023 it had fallen back to little above $70 a barrel - a 15-month low.

   Opec: What is it and what is happening to oil prices? - BBC

   www.bbc.com/news/business-61188579

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

   • Our Standards: The Thomson Reuters Trust Principles. 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.

   OPEC+ may stick with deep oil cuts for longer due to weak demand

   www.reuters.com/business/energy/opec-may-stick-with-deep-oil-cuts-longer-due-weak-demand-2024-11-20/

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   How does OPEC+ work?

   • Together, Opec+ countries produce about 40% of all the world's crude oil. "Opec+ tailors supply and demand to balance the market," says Kate Dourian, of the Energy Institute. "It keeps prices high by lowering supplies when the demand for oil slumps." The organisation can also lower prices by putting more oil into the market.

   Opec: What is it and what is happening to oil prices? - BBC

   www.bbc.com/news/business-61188579

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9. economictimes.indiatimes.com › news › how-toExplained: Why is OPEC+ cutting oil output? - The Economic Times

   economictimes.indiatimes.com › news › how-to

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   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.