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     btimesonline

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

     2 days 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 ...

     1 week ago

   • 

     Midland Reporter-Telegram on MSN.com

     Commodity prices gain as OPEC+ delays production increase

     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...

   • OPEC+ members agree to significant voluntary oil production ...

     Several OPEC+ countries agreed to voluntarily cut oil...

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

   www.reuters.com › business › energy

   Jun 3, 2024 · Advertisement · Scroll to continue. On Sunday, OPEC+ agreed to extend the cuts of 3.66 million bpd by a year until the end of 2025 and prolong the cuts of 2.2 million bpd by three months until ...

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

   www.reuters.com › business › energy

   21 hours ago · OPEC+ had planned to slowly roll back production cuts with small increases over many months in 2024 and 2025. But a slowdown in Chinese and global demand, and rising output outside the group, have ...

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 › 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.

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 are implementing three sets of supply cuts introduced since November 2022. The first set, a group-wide cut of 2mn b/d set to expire at the end of the year, was extended for 12 months ...

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

   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

   See all results for this question

   Will OPEC cut oil production by 2.2 million barrels a day?

   • Several OPEC+ countries agreed to voluntarily cut oil production by 2.2 million barrels per day in the first quarter of 2024, the group announced Thursday.

   OPEC+ members agree to significant voluntary oil production cuts

   www.cnn.com/2023/11/30/energy/saudi-arabia-extend-production-cut-opec/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/

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   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

   Will OPEC+ cut production?

   • Deepening production cuts is also unlikely because several OPEC+ members are pushing to pump more, not less. Key among them is the United Arab Emirates, which argues it has kept output at around 3 million bpd for too long, far below its capacity.

   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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9. www.cnn.com › 2023/11/30 › energyOPEC+ members agree to significant voluntary oil production ...

   www.cnn.com › 2023/11/30 › energy

   • Cached

   Nov 30, 2023 · Several OPEC+ countries agreed to voluntarily cut oil production by a total of 2.2 million barrels per day in the first quarter of 2024, the oil producing group announced Thursday. Saudi Arabia ...