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- The Organization of the Petroleum Exporting Countries Plus (OPEC+) agreed to cut its collective output limit by two million barrels a day as it seeks to halt a slide in oil prices caused by the weakening global economy.
financialpost.com/commodities/energy/oil-gas/opec-panel-recommends-2-million-barrel-cut-to-output-limitsOPEC+ agrees to two million barrel-a-day cut to output limit
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 ...
- Why did OPEC cut oil production? Key reasons explained
OPEC and its allies, including Russia, agreed on Sunday to...
- Why did OPEC cut oil production? Key reasons explained
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.
Jun 5, 2023 · 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...
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.
Apr 3, 2023 · 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.
Jun 2, 2024 · Opec+ members have agreed to extend deep cuts in oil production, in some cases to the end of 2025, as they battle to shore up prices amid weak global demand and increased supply from other...
Nov 30, 2023 · OPEC+ producers have agreed to voluntary oil output cuts for the first quarter next year in an attempt to boost the market, but crude prices fell after the move.
