Browsing Tag

production cut

OPEC+ cut in November equals 2 % of global demand

The recently announced decision by OPEC + to reduce daily production by 2 million barrels will be applied from November. The decision was published in a declaration at the end of the 33rd Ministerial Meeting of Members and non-OPEC Members.…

Oil prices rebound as OPEC discusses production cuts

Oil price continues to climb to maximum levels since the beginning of January 2020, after the Organization of the Petroleum Exporting Countries (OPEC) and its allies, the group known as OPEC +. In this way, the price of a barrel of Brent…