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1. • • 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.nasdaq.com/articles/explainer-why-is-opec-cutting-oil-output-0

     EXPLAINER-Why is OPEC+ cutting oil output? - Nasdaq

2. 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 ...

3. edition.cnn.com › 2024/06/02 › businessOPEC+ extends oil output cuts into 2025 - CNN International

   edition.cnn.com › 2024/06/02 › business

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   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....

4. www.reuters.com › business › energyWhy is OPEC+ cutting oil output? | Reuters

   www.reuters.com › business › energy

   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.

5. www.reuters.com › business › energyExplainer: Why is OPEC+ cutting oil output? | Reuters

   www.reuters.com › business › energy

   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. The West has...

6. www.theglobeandmail.com › business › industry-newsWhy is OPEC+ cutting oil output? - The Globe and Mail

   www.theglobeandmail.com › business › industry-news

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   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.

7. www.firstpost.com › explainers › explained-the-mainExplained: Why OPEC+ is reducing oil output and ... - Firstpost

   www.firstpost.com › explainers › explained-the-main

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   Jun 6, 2023 · The Organisation of the Petroleum Exporting Countries and allies including Russia will continue oil output cuts as prices remain unchanged. On Sunday, the group of oil-producing countries, known as OPEC+, reached a unanimous decision to extend the ongoing oil production curbs.

8. People also ask

   Will OPEC+ cuts drive tensions with consuming countries?

   • Russia, the world’s third-biggest oil producer, is targeting production of around 9.5 million bpd until the end of the year and 9.3 million bpd next year. 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.

   Explained: Why OPEC+ is reducing oil output and what it means for the …

   www.firstpost.com/explainers/explained-the-main-reasons-why-opec-is-reducing-oil-output-12696242.html

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   How has OPEC+ impacted oil prices?

   • 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 since 2022 to support the market. Despite OPEC+'s cuts and delays to output hikes, oil prices have mostly stayed in the $70-$80 per barrel range this year.

   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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   Did OPEC+ agree on a new oil output deal?

   • REUTERS/Leonhard Foeger/File Photo Purchase Licensing Rights LONDON, June 5 (Reuters) - The Organization of the Petroleum Exporting Countries and allies including Russia, a group known as OPEC+ which pumps around 40% of the world's crude, agreed on a new oil output deal on Sunday.

   Explainer: Why is OPEC+ cutting oil output? | Reuters

   www.reuters.com/business/energy/why-is-opec-cutting-oil-output-2023-06-05/

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   Will OPEC cut oil production?

   • In April, Saudi Arabia, Russia, and other OPEC+ oil producers declared their intention to reduce production by 1.16 million barrels per day. Oil-producing countries had earlier agreed to cut output by two million barrels per day through the end of the year.

   Explained: Why OPEC+ is reducing oil output and what it means for the …

   www.firstpost.com/explainers/explained-the-main-reasons-why-opec-is-reducing-oil-output-12696242.html

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   What will OPEC+ cut mean for Russia?

   • Russia, the world's third-biggest oil producer, is targeting production of around 9.5 million bpd until the end of the year and 9.3 million bpd next year. Additional cuts from OPEC+ could drive tensions with leading consuming nations that are trying to fight inflation.

   Explainer: Why is OPEC+ cutting oil output? | Reuters

   www.reuters.com/business/energy/why-is-opec-cutting-oil-output-2023-06-05/

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   Why did OPEC+ cut output?

   • The changes, however, included lowered targets for Russia, Nigeria and Angola simply to bring them into line with current production levels. Here are the main reasons why OPEC+ cut output: Data from China has aroused fears that the economic recovery after coronavirus lockdowns by world's second-largest oil consumer is losing steam.

   Explainer: Why is OPEC+ cutting oil output? | Reuters

   www.reuters.com/business/energy/why-is-opec-cutting-oil-output-2023-06-05/

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9. www.nasdaq.com › articles › explainer-why-is-opecEXPLAINER-Why is OPEC+ cutting oil output? - Nasdaq

   www.nasdaq.com › articles › explainer-why-is-opec

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   Jun 5, 2023 · TENSIONS WITH WASHINGTON. Additional cuts from OPEC+ could drive tensions with leading consuming nations that are trying to fight inflation. Washington called OPEC+'s action in...