OPEC and allied oil-producing countries, including Russia, made a small trim in their supplies to the global economy Monday, underlining their unhappiness as recession fears help drive down crude prices — along with the cost of gasoline, to drivers’ delight.
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OPEC+ makes small trim to world oil supplies as prices fallOPEC and allied oil-producing countries, including Russia, cut their supplies to the global economy by 100,000 barrels per day, underlining their unhappiness with crude prices.
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OPEC, allies cutting world oil supplies as prices fallThe move signals their unhappiness with crude oil prices that have dropped because of recession fears.
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Oil prices climb ahead of OPEC+ meetingPetroleum exporting states and allies will meet with the aim to keep current output levels or even cut production to bolster prices, despite supplies remaining tight.
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OPEC+ JMMC recommends cutting oil output targets by 100K bpd in October – ReutersJoint Ministerial Monitoring Committee (JMMC) of the Organization of the Petroleum Exporting Countries and allies including Russia, known collectively
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Oil Producer Group OPEC Surprises Energy Markets With a Small Production CutEnergy analysts had broadly expected the group to stay the course with its production policy.
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OPEC+ cuts oil supplies to the world as prices fallOPEC and allied oil-producing countries, including Russia, have cut their supplies to the global economy by 100,000 barrels per day, underlining their unhappiness with crude prices that have sagged because of recession fears.
Leer más »