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- 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. The group said in a statement it would extend a cut of 1.65 million barrels per day, announced in April 2023, until the end of 2025.
www.cnn.com/2024/06/02/business/opec-oil-production-cuts-2025/index.html
1 day ago · 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. ... OPEC+'s oil output is equal to 48% of ...
- Why did OPEC cut oil production? Key reasons explained
OPEC and its allies, including Russia, agreed on Sunday to...
- OPEC+ agrees to deepen voluntary oil output cuts | Reuters
OPEC+ oil producers on Thursday agreed to voluntary output...
- Why did OPEC cut oil production? Key reasons explained
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.
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. The...
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...
Jun 5, 2023 · Why is Opec+ cutting oil output? Saudi Arabia's voluntary cut of one million barrels a day comes into effect in July. It follows a cut of 1.16 million barrels a day in April, which was...
Nov 30, 2023 · OPEC+ producers have agreed to voluntary oil output cuts for the first quarter next year in an attempt to boost the market, but crude prices fell after the move.
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Apr 2, 2023 · Crude prices surged after Saudi Arabia and other members of the Opec+ group announced surprise oil production cuts of more than 1mn barrels a day on Sunday, putting Riyadh on a collision course...
