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Tag: OPEC+

Credits: Fortune Magazine
World
  • Web Desk
  • Sep 08, 2024
Oil is headed for a steeper dive, and OPEC+ won’t be able to stop it

China, the engine of oil demand for the past two decades, is showing a diminished appetite for the commodity.

oil prices
Business
  • Reuters
  • Sep 06, 2024
OPEC+ agrees to delay October oil output hike for two months

Dispute between rival factions in OPEC that led to a loss of at least 700,000 bpd of production has supported oil in recent weeks.

OPEC+ oil
World
  • Web Desk
  • Sep 04, 2024
OPEC+ discussing delay to planned oil output hike in October

Sources say a delay to the October output increase is looking “highly possible”

OPEC+
World
  • Reuters
  • Aug 30, 2024
OPEC+ likely to proceed with planned output hike from October

Eight OPEC+ members scheduled to boost output by 180,000 barrels per day in October

Business
  • Web Desk
  • Jun 04, 2024
Global oil market witnesses 4 per cent price drop

OPEC+
World
  • Web Desk
  • Jun 02, 2024
OPEC+ extends deep oil production cuts into 2025

OPEC will spend one year on gradually phasing out cuts of 2.2 million bpd starting from October 2024 until the end of September 2025

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