OPEC+ formally agrees to cut oil production by 2 million barrels per day
The output cut is coming on the heels of the uncertainty that surrounds the global economy and oil market outlooks ...
Tag: Oil production cut
Oil price nears $90 per barrel as OPEC+ considers substantial production cut
Source from OPEC said that the group will likely agree on a production cut but gave no indication of the ...
Saudi pressures Nigeria, Iraq and others over output targets
OPEC is expected to discuss production cut compliance from defaulting members in today’s meeting.
Brent crude slides by 8%, as storage fears mount
Oil prices dropped today, based on signals that global oil storage ability is getting filled up, oil production cuts will not meet up.
Hope for Nigeria as Russia opens to production cut deal, announces OPEC meeting
There might be hope for Nigeria and other producers in the oil market as Russia says it is still open ...
