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Nov 30, 2023 · The OPEC oil cartel led by Saudi Arabia and allied producers including Russia will try to agree Thursday, Nov. 30, 2023 on cuts to the amount of crude they send to the world, with prices...
Oct 5, 2022 · The OPEC+ alliance announced Wednesday that it will cut oil production by 2 million barrels a day, a move that's likely to send gas prices higher again after a year of tumult at the pump. In its...
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- Marlene Lenthang,Rob Wile
Jun 12, 2024 · OPEC+ has been restraining output for about two years in a bid to prevent the emergence of a huge supply surplus that could depress prices and hurt the oil-dependent economies of its member...
May 24, 2024 · More recently, the global push towards cleaner energy sources and a move away from fossil fuels could ultimately diminish its dominance. OPEC formed the so-called OPEC+ coalition with 10 of the...
Jun 5, 2023 · Saudi Arabia has announced it will be cutting its production of crude oil by a million barrels a day to try to boost prices. Other members of the oil producers' group Opec+ agreed to keep their...
May 24, 2024 · Opec+ has cancelled its formal meeting in Vienna next week in favour of a video conference, in a sign that there may already be broad agreement for members to roll over existing oil production...
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Nov 30, 2023 · OPEC+ oil producers on Thursday agreed to voluntary output cuts totalling about 2.2 million barrels per day (bpd) for early next year led by Saudi Arabia rolling over its current voluntary cut.