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- Additional cuts from OPEC+ could drive tensions with leading consuming nations that are trying to fight inflation. Washington called OPEC+'s action in April inadvisable. The West has repeatedly criticised OPEC for manipulating prices and siding with Russia despite the war in Ukraine.
www.reuters.com/business/energy/why-is-opec-cutting-oil-output-2023-06-05/
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 ...
Jun 5, 2023 · Additional cuts from OPEC+ could drive tensions with leading consuming nations that are trying to fight inflation. Washington called OPEC+'s action in April inadvisable.
Jun 2, 2024 · The Organization of the Petroleum Exporting Countries and its allies — a group of leading oil producers known as OPEC+ — agreed Sunday to extend production cuts announced last year into 2025....
May 30, 2023 · Any additional cuts from the group could drive tensions with leading consuming nations that are trying to fight inflation by raising borrowing costs.
Jun 5, 2023 · Additional cuts from OPEC+ could drive tensions with leading consuming nations that are trying to fight inflation. Washington called OPEC+’s action in April inadvisable.
Oct 6, 2022 · On Wednesday, the oil-producing cartel OPEC+, a group that includes Persian Gulf countries and Russia, agreed to reduce production by two million barrels per day in order to keep prices high amid concerns about a recession.
Jun 5, 2023 · Additional cuts from OPEC+ could drive tensions with leading consuming nations that are trying to fight inflation. Washington called OPEC+'s action in April inadvisable.
