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Oct 5, 2022 · CNBC's Brian Sullivan joins 'The Exchange' to discuss the OPEC+ decision to cut oil production rates by 2 million barrels per day, despite a number of OPEC p...
- 4 min
- 18.6K
- CNBC Television
The OPEC+ group agreed to cut production, by 2 million barrels per day, the biggest slash in production since the beginning of the COVID-19 pandemic in 2020....
- 2 min
- 25.5K
- WION
OPEC+ agreed to cut its collective output limit by 2 million barrels day, delegates said, as the group seeks to halt a slide in oil prices caused by the weak...
6 days ago · The United Arab Emirates is being allowed to gradually phase in a further 300,000 barrels a day of extra output in recognition of recent increases to its production capacity. There’s no such allowance for Kazakhstan, where the start of a major expansion to the Tengiz oil field may further test its commitment to the OPEC+ deal next year.
Oct 5, 2022 · Business News OPEC will cut production by 2 million barrels a day, likely sending gas and oil prices back up The decision comes after gas prices spiked in the U.S. in the summer and have trended ...
- 54 sec
- Marlene Lenthang,Rob Wile
Oct 5, 2022 · Energy ministers meeting at the Vienna headquarters of the OPEC oil cartel cut production by two million barrels per day starting in November at their first face-to-face meeting since the start of ...
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Oct 5, 2022 · The 2 million bpd cut in oil production was backed by Saudi Arabia and could benefit Russia. The OPEC+ meeting took place as much of the world is battling soaring energy costs and rising inflation.
