Por: The Hill World October 03, 2022
The Organization of the Petroleum Exporting Countries (OPEC) and its oil-exporting allies will weigh significant cuts to oil production in order to deal with falling fuel prices, according to a new report. According to the , the OPEC+ coalition may cut over 1 million barrels per day, in what would be the largest production reduction since the COVID-19 pandemic. The move would boost the price of oil and further strain Western consumers amid... + full article
CNN USA Business October 04, 2022
CNN Business — US Rep. Ro Khanna is calling for the White House to retaliate against Saudi Arabia if OPEC and its allies slash oil production in a bid to boost prices. “This is beyond the pale,” the California Democrat told CNN in a phone interview on Monday. “They... + más
OPEC+ to consider oil cut of over than 1 million barrels per day | CNN
OPEC Plus Considering Major Production Cut to Prop Up Oil Prices | The New York Times
CNBC USA Business October 04, 2022
Oil prices edged up on Tuesday as expectations that OPEC+ may agree to a large cut in crude output when it meets on Wednesday outweighed concerns about the global economy. rose 78 cents, or 0.9%, to $89.64 per barrel after gaining more than 4% in the previous session.related... + más
Oil, gas prices elevated ahead of key OPEC+ meeting | Fox Business
Forbes USA Business October 04, 2022
Reports have been circulating that OPEC (or OPEC+) is considering a 1 mb/d reduction in production quotas at its meeting on Wednesday, which resulted in a quick $5/barrel surge in oil prices, not devastating but significant. For most of the members, the issue is moot: outside... + más
OPEC Thumbs Its Nose At President Biden | Forbes
OPEC+ to cut oil production by 2 million barrels per day to shore up prices, defying U.S. pressure | CNBC
Fox Business USA Business October 04, 2022
Lipow Oil Associates President Andy Lipow discusses the global demand for oil and rising gas prices as OPEC is set to cut production. Oil and gas prices are elevated ahead of a key meeting by OPEC+ that could potentially see the organization by a million barrels per day. Oil has... + más
The OPEC+ oil cut will impact US gas prices. Here's how. | ABC7
The New York Times USA Business October 03, 2022
OPEC Plus, the oil producers’ group, is considering announcing a major cut in production when it meets on Wednesday, according to a person familiar with the thinking of Saudi Arabia, the group’s de facto leader. Such a move, which analysts say is widely expected, would be a... + más
OPEC+ could cut oil production because it's trying to halt a sharp crude selloff | MarketWatch
Oil claws back some losses but strong dollar caps gains | CNBC
MarketWatch USA Business October 03, 2022
The group will have to “decide how much firepower to deploy to staunch a sum-of-all-fears macro selloff that has caused crude to slide” below pre-Russian invasion of Ukraine levels, wrote Helima Croft, head of global commodity strategy and MENA research at RBC Capital... + más
No Need For Russian Crude Price Cap; Markets Will Do It Themselves. | Forbes
CNN USA Business October 03, 2022
OPEC+ will consider an oil output cut of more than a million barrels per day (bpd) next week, OPEC sources said on Sunday, in what would be the biggest move yet since the COVID-19 pandemic to address oil market weakness. The meeting will take place on Oct. 5 against the backdrop... + más
Oil prices edge higher ahead of OPEC+ meeting to discuss supply cuts | CNBC
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