Oil prices fall after Opec+ confirms it will increase crude production
Opec+ said it will proceed with a plan to increase oil production from April, in an unexpected move by the cartel that sent crude prices tumbling. Saudi Arabia and seven other members of the Opec+ group had previously delayed a plan to unwind long-standing output cuts several times and traders had widely expected it to be postponed again.
The OPEC+ group of crude oil exporters justified their decision to increase production by pointing to "the healthy market ...
Crude oil futures fell to their lowest this year after a surprise decision by OPEC+ to restart some halted production, a move ...
LONDON: OPEC+ has decided to proceed with a planned April oil output increase, the group said on Monday, a move that follows ...
Referring to Trump's request in January that OPEC increase output in order to lower oil prices, Tariq Zahir, managing member at Tyche Capital Advisors, told media the cartel and its allies "want to ...
ORGANIZATION of the Petroleum Exporting Countries Plus (Opec+) will proceed with plans to revive halted oil production after ...
OPEC+ has finally decided to go through with its long-delayed oil production increase, adding about 138,000 barrels per day ...
Khaleej Times on MSN1h
UAE to fully comply with Opec+ decision on extra voluntary oil productionThe UAE has reaffirmed its commitment to oil market stability and to complying with the additional voluntary adjustments ...
OPEC+, which includes OPEC members plus Russia and other allies, has been cutting output by 5.85 million barrels per day (bpd), equal to about 5.7% of global supply, agreed in a series of steps since ...
OPEC+ output cuts have been in place for a long period of time, but continued demand growth makes OPEC+ relevant for years to ...
Output for December 2024 was revised higher by 59kb/d and November 2024 output was revised higher by 54 kb/d compared to last ...
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