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     btimesonline

     HSBC: OPEC+ Likely to Extend Production Cuts, Oil Prices to Stabilize at $70 in 2025

     4 days ago

   • 

     اخبار 24

     OPEC+ cuts oil production below October target

     2 weeks ago

   • TASS

     OPEC+ countries cut oil production by 283,000 barrels/day

     Deviation from the OPEC+ oil production target was the highest for Iraq, 163,000 bpd above the target, although the country slashed oil production by 66,000 bpd MOSCOW, November 12. /TASS/. OPEC+ countries slashed oil production by 283,000 barrels per day ...

     2 weeks ago

   • bnnbloomberg

     Kazakhstan Again Misses OPEC+ Target for Cutting Oil Output

     2 weeks ago

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2. 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 Organization of the Petroleum Exporting Countries and...

3. 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.

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

   www.reuters.com › business › energy

   3 days ago · OPEC+ will have little room to manoeuvre on oil policy when it meets in December: it would be risky to increase output because of weak demand, and difficult to deepen supply cuts because some ...

5. 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 Organization of the Petroleum Exporting Countries and its allies — the coalition of the world’s top oil producers known as OPEC+ — said Thursday that it is extending oil production cuts ...

6. www.reuters.com › business › energyWhat oil production cuts were agreed at OPEC+ meeting?

   www.reuters.com › business › energy

   Jun 5, 2023 · The figure comprises a 2 million bpd cut agreed last year from August 2022 production levels, and a further 1.66 million bpd of voluntary cuts from nine OPEC+ countries. OPEC+ did not increase the ...

7. www.ft.com › content › e7a34800/0548/494b-ab36Opec+ agrees to extend deep production cuts into next year

   www.ft.com › content › e7a34800/0548/494b-ab36

   Jun 2, 2024 · Opec+ members have agreed to extend deep cuts in oil production, in some cases to the end of 2025, as they battle to shore up prices amid weak global demand and increased supply from other parts ...

8. People also ask

   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 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

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   Is OPEC extending oil production cuts again?

   • CNN’s Anna Cooban contributed to this report. The Organization of the Petroleum Exporting Countries and its allies — the coalition of the world’s top oil producers known as OPEC+ — said Thursday that it is extending oil production cuts once again as crude and fuel prices continue to slump.

   OPEC+ extends oil output cuts again through November

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

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   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/

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   Why did OPEC cut production?

   • The OPEC+ member states cut production starting in November after gathering for their first face-to-face meeting at their Vienna headquarters since the start of the COVID-19 pandemic. The group said the decision was based on the “uncertainty that surrounds the global economy and oil market outlooks”.

   Why is OPEC+ cutting oil production and what’s next?

   www.aljazeera.com/news/2022/10/6/why-is-opec-cutting-global-oil-production

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   Will OPEC+ be able to increase oil output in December?

   • Our Standards: The Thomson Reuters Trust Principles. OPEC+ will have little room to manoeuvre on oil policy when it meets in December: it would be risky to increase output because of weak demand, and difficult to deepen supply cuts because some members want to pump more, sources and analysts said.

   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

9. www.aljazeera.com › news › 2022/10/6Why is OPEC+ cutting oil production and what’s next?

   www.aljazeera.com › news › 2022/10/6

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   Oct 6, 2022 · The OPEC+ member states cut production starting in November after gathering for their first face-to-face meeting at their Vienna headquarters since the start of the COVID-19 pandemic.