Por: MarketWatch Business June 04, 2023
OPEC+ — the group made up of OPEC and its Russia-led allies — concluded a contentious meeting in Vienna, with members agreeing to extend previously agreed production cuts through the end of 2024. OPEC+ agreed last October to cut output by 2 million barrels a day. Several OPEC+ members followed that in April with the surprise announcement of 1.6 million barrels a day in additional cuts. As part of the April cut, Saudi Arabia voluntarily... + full article
MarketWatch USA Business April 03, 2023
“The nature and timing of the decision are shocking, since prices have been only moderate pressured from the banking mini-crisis and the market is expected to tighten later this year,” said Michael Lynch, president of Strategic Energy & Economic Research. “OPEC+, and... + más
How The OPEC Meeting On Production Influences Oil And Gas Stocks | Forbes
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WPTV USA Nation November 23, 2022
High gas prices hit close to home for anyone driving an automobile that uses fossil fuels. A multi-national group, thousands of miles away from many nations, is really the one to turn to if you want to gripe about the price of fuel — OPEC.OPEC is short for the . Five nations... + más
OPEC Thumbs Its Nose At President Biden | Forbes
MarketWatch USA Business November 14, 2022
In its closely followed monthly market report, the Organization of the Petroleum Exporting Countries modestly lowered its forecast for global oil demand while making small tweaks to its supply forecasts and holding off from making changes to its global economic growth forecasts.... + más
Oil market faces ‘considerable uncertainties,’ OPEC warns | Fox Business
Forbes USA Business October 16, 2022
Getty Images Key Takeaways The Organization of the Petroleum Exporting Countries (OPEC) announced last week that it would cut production of oil by approximately 2 million barrels of oil per day. That’s a reduction in the global supply of about 2%. This announcement had an... + más
Progressives who back Green New Deal outraged over OPEC oil production cuts | Newsweek
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 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
MarketWatch USA Business October 05, 2022
Price 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
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