Tag: OPEC+
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Oil heads for third weekly gain after shock OPEC+ cuts
Oil rose on Thursday and was on track for a third weekly gain as further production cuts targeted by OPEC+ and a drop in...
Oil falls as economic fears outweigh OPEC+ cuts, US stock draw
Oil prices inched lower on Wednesday, despite greater than expected draws in U.S. crude oil and fuel stocks, as the market weighed worsening economic...
Why did OPEC cut oil production? Key reasons explained
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%...
Oil price stable as markets weigh OPEC+ surprise cuts amid demand woes
Oil prices were little changed in choppy trading on Tuesday as investors debated OPEC+ plans to cut more production and weak economic data from...
Goldman sees elevated OPEC pricing power, $100 per barrel by April 2024 after supply cut
Goldman Sachs says crude oil production cuts by OPEC could result in a significantly larger deficit in the market, driving a rally in prices...
