Yahoo Canada Web Search

Search results

1. www.cnn.com › 2024/06/02 › businessOPEC+ to extend deep oil production cuts into 2025 - CNN

   www.cnn.com › 2024/06/02 › business

   • Cached

   Jun 2, 2024 · The Organization of the Petroleum Exporting Countries and its allies — a group of leading oil producers known as OPEC+ — agreed Sunday to extend production cuts announced last year into 2025.

   • OPEC+ extends oil output cuts again through November

     The countries making up the organization will extend their...

   • OPEC+ members extend oil output cuts to Q2 | CNN Business

     OPEC+ member nations have agreed to extend their voluntary...

2. www.reuters.com › business › energyOPEC+ extends deep oil production cuts into 2025 | Reuters

   www.reuters.com › business › energy

   Jun 3, 2024 · OPEC+ extends deep oil production cuts into 2025 ... OPEC+ members are currently cutting output by a total of 5.86 million barrels per day (bpd), or about 5.7% of global demand. ... OPEC expects ...

3. Videos

   • 

     1:36

     reuters.com

     Why did OPEC cut oil production? Key reasons explained

     Apr 3, 2023

   • 

     6:39

     youtube.com

     Gravitas: OPEC cuts oil production to drive up prices

     Oct 6, 2022

     632.7K Views

   • 

     1:53

     youtube.com

     World Business Watch: OPEC+ to cut oil production by 2 million barrels per day to shore up prices

     Oct 6, 2022

     25.5K Views

   View all

4. www.reuters.com › business › energyWhy did OPEC cut oil production? Key reasons explained

   www.reuters.com › business › energy

   Apr 3, 2023 · OPEC and its allies, including Russia, agreed on Sunday to widen crude oil production cuts to 3.66 million barrels per day (bpd) or 3.7% of global demand.

5. www.reuters.com › business › energyOPEC+ may stick with deep oil cuts for longer due to weak ...

   www.reuters.com › business › energy

   1 day ago · The U.S. has become the world's largest oil producer, pumping more than 20 million bpd or a fifth of global production. Top OPEC producer Saudi Arabia's crude output is less than 9% of the global ...

6. www.cnn.com › 2024/09/05 › investingOPEC+ extends oil output cuts again through November

   www.cnn.com › 2024/09/05 › investing

   • Cached

   Sep 5, 2024 · The countries making up the organization will extend their production cuts of 2.2 million barrels per day through November and plans to phase out those voluntary cuts beginning in December until ...

7. www.opec.org › opec_web › enOPEC : Several OPEC+ countries announce extension of ...

   www.opec.org › opec_web › en

   • Cached

   Mar 3, 2024 · The above will be in addition to the announced voluntary cut by the Russian Federation of 471 thousand barrels per day for the same period (second quarter of 2024), which will be from crude oil production and exports as follows: In April 350 thousand barrels per day from production and 121 thousand barrels per day from exports.

8. People also ask

   When will OPEC+ stop cutting crude?

   • The countries making up the organization will extend their production cuts of 2.2 million barrels per day through November and plans to phase out those voluntary cuts beginning in December until November 2025, OPEC+ said in a Thursday release. This isn’t the first time OPEC+ has extended output cuts in a bid to boost crude prices.

   OPEC+ extends oil output cuts again through November

   www.cnn.com/2024/09/05/investing/opec-extend-oil-output-cuts/index.html

   See all results for this question

   Are OPEC+ members cutting oil production?

   • The Organization of the Petroleum Exporting Countries and allies led by Russia, together known as OPEC+, have made a series of deep output cuts since late 2022. OPEC+ members are currently cutting output by a total of 5.86 million barrels per day (bpd), or about 5.7% of global demand.

   OPEC+ extends deep oil production cuts into 2025 | Reuters

   www.reuters.com/business/energy/opec-seen-prolonging-cuts-2024-into-2025-two-sources-say-2024-06-02/

   See all results for this question

   Will OPEC cut oil production in 2025?

   • CNN’s Eva Rothenberg contributed to this report. The Organization of the Petroleum Exporting Countries and its allies — a group of leading oil producers known as OPEC+ — agreed Sunday to extend production cuts announced last year into 2025.

   OPEC+ to extend deep oil production cuts into 2025 - CNN

   www.cnn.com/2024/06/02/business/opec-oil-production-cuts-2025/index.html

   See all results for this question

   When did OPEC cut oil?

   • The group in June lengthened the 2.2 million barrels per day cut through the end of September. That same month, OPEC+ extended a cut of 1.65 million barrels per day announced in April 2023 until the end of 2025. Oil prices rose initially but settled slightly lower Thursday.

   OPEC+ extends oil output cuts again through November

   www.cnn.com/2024/09/05/investing/opec-extend-oil-output-cuts/index.html

   See all results for this question

   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/

   See all results for this question

   Why did OPEC cut a million barrels a day?

   • The move is a part of the group’s perpetual balancing act to stabilize oil prices by reducing supply. OPEC+, a coalition of the world’s top oil producing countries, had announced voluntary oil cuts of 2.2 million barrels per day in November. Sunday’s extension loosened some of the larger production stoppages.

   OPEC+ members extend oil output cuts to Q2 | CNN Business

   www.cnn.com/2024/03/03/business/opec-crude-oil-production/index.html

   See all results for this question

9. www.cnn.com › 2024/03/03 › businessOPEC+ members extend oil output cuts to Q2 | CNN Business

   www.cnn.com › 2024/03/03 › business

   Mar 3, 2024 · OPEC+ member nations have agreed to extend their voluntary cuts to crude oil production through the second quarter, the group announced Sunday. ... the leading oil exporter, will still cut 1 ...