Mon, Apr 03, 2023
OPEC production cut news: Saudi Arabia and other OPEC+ oil producers on Sunday announced further oil output cuts of around 1.16 million barrels per day, in a surprise move that analysts said would cause an immediate rise in prices and the United States called inadvisable.
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Thu, Oct 06, 2022
OPEC+`s meeting on Wednesday marked the group`s first in-person gathering at the ministerial level since March 2020, when Covid-19 restrictions moved the meeting online.
Fri, Aug 12, 2022
Risks facing the world economy include ongoing geopolitical tensions and supply chain issues, the continued Covid-19 pandemic, rising inflation, high sovereign debt levels in many regions, and expected monetary tightening by central banks in the US, Britain, Japan and the Euro zone.
Thu, May 11, 2017
Oil prices held on to 3 percent-plus overnight gains, their biggest one-day jump since Dec. 1, following a steep drop in U.S. inventories and support from Iraq and Algeria for an extension to OPEC supply cuts.
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