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Jun 4, 2024 · Oil prices fell more than $1 a barrel on Tuesday on scepticism about an OPEC+ decision to boost supply later this year into a global market where demand has already shown signs of weakness.
Jun 5, 2023 · The organisation can also lower prices by putting more oil into the market. Why is Opec+ cutting oil output? Saudi Arabia's voluntary cut of one million barrels a day comes into effect in...
Aug 9, 2024 · LONDON, Aug 9 (Reuters) - Global oil demand growth needs to accelerate in coming months or the market will struggle to absorb an increase in oil supply that OPEC+ is planning to make from...
Jun 5, 2023 · The organisation can also lower prices by putting more oil into the market. Why is Opec+ cutting oil output? Saudi Arabia's voluntary cut of one million barrels a day comes into...
Jul 1, 2021 · Opec and its partners outside of the cartel met virtually for preliminary gatherings on Thursday to discuss gradual monthly production increases of several hundred thousand barrels a day between...
- Anjli Raval
Aug 3, 2022 · The OPEC oil cartel and its allies decided Wednesday to boost production in September by a much slower pace than in previous months at a time of high gasoline prices and unstable energy...
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OPEC+ on Sunday agreed to extend all production curbs into next year, a deal that likely signals oil prices will remain elevated through the U.S. presidential election.
