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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 ...
Dec 21, 2023 · On November 30, 2023, OPEC (Organization of the Petroleum Exporting Countries) and its allies, collectively known as OPEC+, agreed to cut oil production by 1 million barrels per day...
Nov 30, 2023 · A preliminary agreement has been reached that OPEC+ could cut more than 1 million barrels per day (bpd) next year, including Saudi Arabia extending its voluntary cuts and additional...
Mar 3, 2024 · The OPEC Secretariat noted the announcements of several OPEC+ countries extending additional voluntary cuts of 2.2 million barrels per day, aimed at supporting the stability and balance of oil markets.
Jun 5, 2024 · Following a hybrid meeting held in Riyadh and online, OPEC+ announced voluntary output cuts amounting to 2.2 million barrels per day (b/d) would be extended until the end of September...
- Zerohedge
Jun 2, 2024 · The group said in a statement it would extend a cut of 1.65 million barrels per day, announced in April 2023, until the end of 2025. That cut was due to expire at the end of this year.
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Nov 30, 2023 · The OPEC Secretariat noted the announcement of several OPEC+ countries of additional voluntary cuts to the total of 2.2 million barrels per day, aimed at supporting the stability and balance of oil markets.
