Tag: OPEC+
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OPEC+ surprise output cuts lift oil prices by $5 per barrel
Oil prices surged on Monday, jolted by a surprise announcement by OPEC+ to cut production further in what top producer Saudi Arabia called a...
Dollar ahead as inflation worries resurface after OPEC+ surprise
The U.S. dollar was broadly higher as fears over inflation resurfaced after a surprise announcement by major oil producers to cut production further, with traders...
OPEC+ output cuts are unadvisable, US says
The Biden administration said the surprise oil output cuts announced on Sunday by Saudi Arabia and other OPEC+ countries were not advisable.
"We don’t think cuts are...
Oil prices jump in blow to global inflation hopes
Oil prices surged on Monday after Saudi Arabia and other OPEC+ producers announced a surprise round of output cuts, a potentially ominous sign for...
OPEC+ likely to stick to its guns despite price slump, delegates say
OPEC+ is likely to stick to its deal on output cuts of 2 million barrels per day (bpd) until the end of the year,...
