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2 million barrels per day
- OPEC+ said Wednesday that it will slash oil production by 2 million barrels per day, the biggest cut since the start of the pandemic, in a move that threatens to push gasoline prices higher just weeks before US midterm elections.
Oct 5, 2022 · OPEC+ said Wednesday that it will slash oil production by 2 million barrels per day, the biggest cut since the start of the pandemic, in a move that threatens to push gasoline prices...
- Why Saudi Arabia defied the US over OPEC oil supply cut
On Wednesday, OPEC+, the oil cartel led by Saudi Arabia and...
- Why Saudi Arabia defied the US over OPEC oil supply cut
Jun 5, 2023 · It follows a cut of 1.16 million barrels a day in April, which was voluntarily undertaken by eight members of Opec+, and a group-wide cut of two million barrels a day in October 2022.
Oct 5, 2022 · The OPEC+ alliance announced a 2 million barrels a day cut in oil production Wednesday — an amount that could drive oil and gas prices back up after weeks on a downward trend.
- Jackie Northam
Oct 4, 2022 · Prince Abdulaziz said the real cuts would be 1.0-1.1 million bpd. Analysts from Jefferies said they estimated the figure at 0.9 million bpd, while Goldman Sachs put it at 0.4-0.6 million bpd saying...
Oct 5, 2022 · Key Points. OPEC and non-OPEC partners on Wednesday agreed to impose deep output cuts, seeking to spur a recovery in oil prices despite U.S. pressure to pump more. Crude prices have fallen to...
Oct 7, 2022 · On Wednesday, OPEC+, the oil cartel led by Saudi Arabia and Russia, agreed to slash production by 2 million barrels per day, twice as much as analysts had predicted, in the biggest cut...
Apr 12, 2020 · The only detail to have been confirmed so far is that 9.7 million barrels per day will be cut by Opec oil producers and allies. On Monday in Asia, oil rose over $1 a barrel in early...
