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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 ...
Nov 4, 2024 · OPEC Plus had first announced in June that it would gradually increase production by an estimated 2.2 million barrels a day, or around 2 percent of global supplies, in October. That had been a ...
Aug 3, 2022 · Members of oil producers' group Opec+ - which includes Russia - agreed on Wednesday to add 100,000 more barrels per day to the market from September. The latest production output increase is at a...
Aug 1, 2024 · About 540,000 barrels a day are due to be added over the course of the fourth quarter. An initial price slump after the plan was announced in June rattled OPEC+ officials, spurring them to stress that supply increases could be postponed or even scrapped altogether at Thursday’s gathering.
Aug 3, 2022 · OPEC, led by Saudi Arabia, and its allies, led by Russia, said they will increase output to 100,000 barrels a day next month after raising it by 648,000 barrels per day in July and August. The group considered what effects staggering inflation and rising COVID-19 rates may have on global demand for fuel in the fall.
- cbussewitz@ap.org
- Workplace Reporter
Feb 2, 2022 · Opec+ production was 824,000 barrels a day lower than its target by the end of December, according to figures compiled by the group’s joint technical committee.
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Aug 23, 2024 · All OPEC⁺ members are supposed to be participating in an official collective cut of 2 million barrels per day (b/d) agreed in October 2022 at a time of uncertainty about the economic and oil...
