OPEC+ Output Cut Sends A Clear Message To The Market
OPEC+ on Wednesday decided to cut output quota by 2 million bpd. Heightened volatility in oil markets has been one of the key reasons for OPEC+ to cut output. A Continue Reading
White House Reacts to OPEC+ Move
U.S. President Joe Biden is disappointed. U.S. President Joe Biden is disappointed by OPEC+’s decision to cut production quotas, according to a White House statement from National Security Advisor Jake Continue Reading
White House accuses Opec+ of aligning with Russia
The White House has accused Opec+ of aligning with Russia after Saudi Arabia led the group in agreeing deep oil production cuts, prompting a backlash from countries already battling surging Continue Reading
OPEC+ oil output cut ahead of winter fans inflation concerns
Global oil supply is set to tighten, intensifying concerns over soaring inflation after the OPEC+ group of nations announced its largest supply cut since 2020 ahead of European Union embargoes Continue Reading
The White House Is In A Panic To Stop The OPEC+ Production Cut
The White House is up in arms to try and prevent a potentially major production cut in OPEC+ just a month before midterm elections when the current administration least needs Continue Reading
Oil Jumps as OPEC+ Mulls Biggest Production Cut Since Pandemic
The OPEC+ group of oil producers will consider cutting output by more than 1 million barrels a day, according to delegates. Stephen Stapczynski reports. Oil surged near $83 a barrel Continue Reading
Oil Forges Higher as OPEC+ Must ‘Do Something’ at Vienna Meeting
WATCH: Fereidun Fesharaki of FGE,discusses the possibility of OPEC+ cutting its production by 1 million barrels a day, what the cut will mean for prices and where he sees them Continue Reading
OPEC+ to Consider Output Cut of More Than 1 Million Barrels
Goldman’s Currie: Oil Market Will Continue to Tighten Sign up for our Middle East newsletter and follow us @middleeast for news on the region. OPEC+ will consider cutting oil output Continue Reading
OPEC+ to hold Oct. 5 meeting in person in Vienna
OPEC+ will hold its meeting on Oct. 5 in person in Vienna, an OPEC source told Reuters on Saturday. A virtual option will also be available for some delegations due Continue Reading
OPEC oil output in Sept hits highest since 2020 – survey
OPEC oil output rose in September to its highest since 2020, surpassing a pledged hike for the month, after production in Libya recovered from disruption and Gulf members boosted output Continue Reading