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1. • • Any additional cuts from the group could drive tensions with leading consuming nations that are trying to fight inflation by raising borrowing costs.
     www.reuters.com/business/energy/why-is-opec-cutting-oil-output-2023-05-30/

     Why is OPEC+ cutting oil output? | Reuters

2. 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.

3. www.todayonline.com › world › explainer-why-opecExplainer-Why is OPEC+ cutting oil output? - TODAY

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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. The West has...

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

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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.

5. 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. Washington called OPEC+'s action last...

6. www.ndtv.com › world-news › explained-why-is-opecExplained: Why Is OPEC Cutting Crude Oil Output - NDTV.com

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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.

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7. english.alarabiya.net › business › energyExplainer: Why is OPEC+ cutting oil output? - Al Arabiya

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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.

8. People also ask

   Will OPEC+ cuts drive tensions with consuming nations?

   • 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.

   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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   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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   Is OPEC+'s action in April advisable?

   • 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. The United States is considering passing legislation known as NOPEC, which would allow the seizure of OPEC's assets on U.S. territory if market collusion is proven.

   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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   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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   What if OPEC+ production cut causes oil to rally?

   • If an unexpected OPEC+ production cut causes oil to rally, they face a loss. Analysts at Standard Chartered bank said in a report last week that short speculative positions in crude oil earlier this month were as bearish as they were at the start of the pandemic in 2020 - when oil demand and prices collapsed.

   Why is OPEC+ cutting oil output? | Reuters

   www.reuters.com/business/energy/why-is-opec-cutting-oil-output-2023-05-30/

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9. indianexpress.com › article › explainedWhy is OPEC+ cutting oil output? | Explained News - The ...

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   Jun 6, 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 repeatedly criticised OPEC for manipulating prices and siding with Russia despite the war in Ukraine.