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Typically, OPEC Plus would be scrambling to cut supplies to bolster markets. Such calculations have clearly changed among a smaller group of eight OPEC Plus members, including Saudi Arabia, ...
OPEC said on Monday it expected the global economy to remain resilient in the second half of this year and trimmed its forecast for growth in oil supply from the United States and other producers ...
OPEC-Plus’s plan to hike production by 411,000 barrels of oil per day in July comes after its recent daily increases totaling 530,000 barrels for the purpose of curbing American production and ...
The OPEC Plus coalition, which is led by crude-oil giant Saudi Arabia, said the cut in production would take effect in November. OPEC Plus said in a statement the move was necessary to ...
OPEC will stop publishing a calculation of the world's demand for its own crude in its monthly oil report, ... and sees the demand for OPEC+ crude plus inventories at 41.8 million bpd in 2024. ...
OPEC Plus struggled to reach this latest agreement for voluntary cuts amid internal tensions among members. The group had planed to gather Sunday, but postponed its meeting as it became clear that ...
Trump called for OPEC to bring down the cost of oil in a Jan. 23 speech in Davos. He claimed lowing the price of oil would lead to the end of the Russia-Ukraine war.
The OPEC report projects demand for OPEC+ crude, or crude from OPEC plus the allied countries working with it, at 43.8 million bpd in the fourth quarter, in theory allowing room for higher ...