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Tag: Organization of the Petroleum Exporting Countries

oil prices
Business
  • Reuters
  • Mar 12, 2025
Oil up 2pc on tighter US supplies but tariff concerns loom

US government data shows that US crude stockpiles rose by 1.4 million barrels in the latest week, less than an expected 2-million barrel rise.

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

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

Putin says some Western weapons
World
  • Web Desk
  • Oct 11, 2023
Russia’s Putin says OPEC+ coordination to continue

The Organization of the Petroleum Exporting Countries (OPEC) and its allies, led by Russia, began their latest cycle of limiting supplies in late-2022 to bolster the market

oil prices
World
  • Web Desk
  • Aug 11, 2023
Oil prices could rise further this year, but 2024 demand to slow sharply: IEA

Tighter supply driven by oil output cuts from OPEC and its allies and rising global demand have underpinned a rally in oil prices

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