Showing results for "#OPEC+"
Oil prices fall as doubts grow over output cut deal
Oil prices have tumbled to levels not seen for years due to the coronavirus pandemic and a price war between Russia and Saudi Arabia, the kingpin of...
Trump hails OPEC agreement to cut oil production for saving US energy...
13 April 2020 3:52 AMThe OPEC and other crude producers led by Russia agreed on Sunday to reduce output by 9.7 million barrels per day (bpd) for May-June after four days...
Oil prices rise as OPEC+ output cut comes into effect
1 May 2020 9:21 AMThe benchmark Brent crude oil is at around $27 per barrel. The June contract on the Intercontinental Exchange (ICE) is trading at $26.89 per barrel,...
OPEC and allies to agree one-month extension to output cuts - OPEC...
6 Jun 2020 3:04 PMThe oil producing states meet on Saturday to approve extending record oil production cuts and to push countries such as Iraq and Nigeria to comply...
OPEC, Russia seen easing oil production cuts from August - sources
30 Jun 2020 3:36 PMRecord cuts were meant to last until the end of June but then had been extended into July. The sources said no discussions have taken place so far...
Venezuela crude output falls in June to lowest since Feb 1943, OPEC...
14 July 2020 3:02 PMOn July 9, there were 9 million barrels of Merey 16 crude in storage at the Jose oil terminal, and just 800,000 barrels of available space, an...
Fading influences: OPEC at 60 - An oil cartel on life support
14 Sept 2020 9:34 PMIn 1973, a handful of oil-rich countries, led by Saudi Arabia, Iran and Iraq, brought the mighty US economy to its knees by slapping an oil embargo on...
OPEC+ yet to find compromise on oil policy for 2021, say sources
29 Nov 2020 9:53 PMOPEC+, a grouping comprising members of the of Organization of the Petroleum Exporting Countries, plus Russia and others, had been due to ease...