Crude oil logs biggest weekly gain since January on US sanctions, OPEC+ group cuts: Brent gains over 2% in five days ...
This move aims to compensate for pumping above agreed levels, with monthly reductions ranging from 189,000bpd to 435,000bpd.
Trump knows that Saudi Arabia is critical to lowering oil prices and pressuring Russia to come to the bargaining table.
Output for December 2024 was revised lower by 110 kb/d and January 2025 output was revised higher by 28 kb/d compared to last ...
Oil prices were mixed but largely holding their ground, supported by geopolitical risks and supply concerns.
Dubai OPEC+ has announced a revised schedule for seven member nations to implement additional oil output cuts, aiming to compensate for previous overproduction. These measures are set to overshadow ...
West Texas Intermediate (WTI) Oil price holds ground for the third successive session, trading around $68.40 per barrel ...
Arabian Gulf Business Insight on MSN2d
Opec+ sets out new oil cut plan to offset excess output
Opec+ on Thursday issued a new schedule for seven member nations to make further oil output cuts to compensate for pumping above-agreed levels, which will more than overtake the monthly production ...
Oil prices were also supported by a new OPEC+ plan announced Thursday for seven members to further cut output to make up for ...
What's more important for crude oil markets? Forecasts of Chinese oil demand growth by leading agencies or the reality of ...
OPEC+ has announced a new schedule for seven member countries to implement additional oil output reductions to compensate for pumping above agreed levels.