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     • Additional cuts from OPEC+ could drive tensions with leading consuming nations that are trying to fight inflation.
     www.reuters.com/business/energy/why-is-opec-cutting-oil-output-2023-06-05/

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

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. 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.

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.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.

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

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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.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.

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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   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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   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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   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. www.news18.com › business › marketsWhy is OPEC+ Cutting Oil Output? Explained - News18

   www.news18.com › business › markets

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