Por: Forbes 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 the Gulf production is already below quotas because of a technical inability to meet them. Low investment levels and lack of maintenance, partly due to the pandemic, have... + full article
Forbes USA Business October 06, 2022
VIENNA, AUSTRIA - OCTOBER 05: Secretary-General of OPEC Haitham al-Ghais (R) and Saudi Arabia's ... [+] Minister of Energy Prince Abdulaziz bin Salman Al-Saud (2nd L) hold a press conference after the 33rd OPEC (Organisation of the Petroleum Exporting Countries) and... + más
OPEC+ to cut oil production by 2 million barrels per day to shore up prices, defying U.S. pressure | CNBC
White House lobbying fails to prevent OPEC+ production cut | CNBC
CNBC USA Business October 06, 2022
Energy analysts believe the deep production cuts could yet backfire for OPEC kingpin and U.S. ally Saudi Arabia.Mandel Ngan Afp Getty ImagesThe White House angrily pushed back at OPEC+ after the oil producer group , lashing out at what President 's administration described... + más
Biden Pledges ‘Consequences’ For Saudi Arabia Over Oil Production Cuts | Forbes
Saudi Arabia and OPEC risk causing a US recession, Sen. Blumenthal says | CNN
Politico USA Politics October 06, 2022
OPEC’s move to cut oil exports on Wednesday is feeding an autumn of anxiety for Democrats over energy inflation as prices at the gas pump march higher — particularly in some states and districts that could swing in Republicans’ favor in the midterm election. After nearly... + más
OPEC Thumbs Its Nose At President Biden | Forbes
ABC News USA Politics October 06, 2022
The White House on Wednesday expressed disappointment following the announcement from OPEC+ that it would cut two million barrels per day from its production quotas beginning in November.The decision by the OPEC+ alliance, which includes Russia, is likely a response to oil... + más
CNBC USA Business October 05, 2022
Oil prices have fallen to roughly $80 from over $120 in early June amid growing fears about the prospect of a global economic recession.Bloomberg Getty ImagesA group of some of the world's most powerful oil producers on Wednesday agreed to impose deep output cuts, seeking... + más
Oil prices end at highest in 3 weeks as OPEC+ agrees to a large output cut while U.S. supplies fall | MarketWatch
The OPEC+ oil cut will impact US gas prices. Here's how. | ABC7
CNBC USA Politics October 05, 2022
An Austrian soldier guards the entrance to the OPEC headquarters on October 4, 2022 on the eve of the 45th Meeting of the Joint Ministerial Monitoring Committee and the 33rd OPEC and non-OPEC Ministerial Meeting held on October 05, in Vienna, Austria. Joe Klamar AFP Getty... + más
Progressives who back Green New Deal outraged over OPEC oil production cuts | Newsweek
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
OPEC Plus Considering Major Production Cut to Prop Up Oil Prices | The New York Times
Oil prices edge higher ahead of OPEC+ meeting to discuss supply cuts | CNBC
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