Nation
World
Politics
Sports
Business
Entertainment
Life
Tech
Science
Opinion
Crime
Health
Oddities

Saudi Arabia cuts oil output by 1 million barrels per day to boost sagging prices

Por: Los Angeles Times Business June 04, 2023

thumbnail

Saudi Arabia said Sunday that it will reduce how much oil it sends to the global economy, taking a unilateral step to support the sagging cost of crude after two earlier production cuts by members of the OPEC+ alliance of major oil-producing countries failed to push prices higher. The announcement of the Saudi cuts of 1 million barrels per day, which will start in July, followed a meeting of the alliance at OPEC headquarters in Vienna. The rest... + full article



Similar News

Saudi Arabia to Lose Top Spot in OPEC+ as Production Cuts Take Effect

MarketWatch USA Business July 13, 2023

thumbnailThe Gulf Kingdom, de facto leader of the Organization of the Petroleum Exporting Countries, has in recent months slashed its oil output, sacrificing its market share within the oil producers' group, in an attempt to buoy low oil prices that have crimped its revenue. The... + más

How The OPEC Meeting On Production Influences Oil And Gas Stocks | Forbes

OPEC Thumbs Its Nose At President Biden | Forbes


Saudi Arabia cuts oil output by 1 million barrels per day to boost sagging prices

Politico USA Politics June 04, 2023

thumbnailFRANKFURT, Germany — Saudi Arabia will reduce how much oil it sends to the global economy, taking a unilateral step to support the sagging cost of crude after two earlier production cuts by members of the OPEC+ alliance of major oil-producing countries failed to push prices... + más

Photos: Tyson Fury vs. Francis Ngannou open workouts | Bleacher Report

US Oil Output Set To Hit Record This Year, IEA Says | MarketWatch


Oil prices could rise worldwide as Saudi Arabia announces cut of 500,000 barrels daily

New York Post USA Business April 03, 2023

thumbnailDUBAI, United Arab Emirates (AP) — Saudi Arabia said Sunday it will cut oil production by 500,000 barrels per day from May until the end of 2023, a move that could raise prices worldwide. Higher oil prices would help fill Russian President Vladimir Putin’s coffers as his... + más

Biden Pledges ‘Consequences’ For Saudi Arabia Over Oil Production Cuts | Forbes

U.S. Crude-Oil Stockpiles Likely Rose in DOE Data, Analysts Say | MarketWatch


Saudis to cut oil production by 500,000 barrels per day

NBC News USA World April 03, 2023

thumbnailDUBAI, United Arab Emirates — Saudi Arabia said Sunday it will cut oil production by 500,000 barrels per day from May until the end of 2023, a move that could raise prices worldwide. Higher oil prices would help fill Russian President Vladimir Putin’s coffers as his country... + más

U.S. Crude-Oil Stockpiles Likely Rose in DOE Data, Analysts Say | MarketWatch

U.S. Crude-Oil Stockpiles Likely Rose in DOE Data, Analysts Say | MarketWatch


U.S. Crude-Oil Stockpiles Likely Rose in DOE Data, Analysts Say

MarketWatch USA Business March 07, 2023

thumbnailThe average of estimates from 11 analysts and traders showed U.S. oil inventories are projected to have climbed by 700,000 barrels for the week ended March 3, with three analysts forecasting a decline and the other eight predicting an increase. Forecasts range from a decrease of... + más

Wells Fargo didn't act after an L.A. executive was raped by her boss, lawsuit alleges | Los Angeles Times

Jane Doe 1 wasn’t ‘Al Pacino rich’ and lied on stand: Harvey Weinstein attorneys | New York Post


U.S. Crude-Oil Stockpiles Likely Rose in DOE Data, Analysts Say

MarketWatch USA Business March 07, 2023

thumbnailThe average of estimates from 11 analysts and traders showed U.S. oil inventories are projected to have climbed by 700,000 barrels for the week ended March 3, with three analysts forecasting a decline and the other eight predicting an increase. Forecasts range from a decrease of... + más

Wells Fargo didn't act after an L.A. executive was raped by her boss, lawsuit alleges | Los Angeles Times

Jane Doe 1 wasn’t ‘Al Pacino rich’ and lied on stand: Harvey Weinstein attorneys | New York Post


Oil prices end at highest in 3 weeks as OPEC+ agrees to a large output cut while U.S. supplies fall

MarketWatch USA Business October 05, 2022

thumbnailPrice action Market drivers Crude prices had spent the first days of the week rallying on expectations OPEC+ — made up of Saudi-led OPEC and other major producers, led by Russia — would deliver a large cut to output at its meeting, held Wednesday in Vienna. the group said it... + más

What does the OPEC+ oil cut mean for US gas prices? | ABC News

The OPEC+ oil cut will impact US gas prices. Here's how. | ABC7



About iurex | Privacy Policy | Disclaimer |