OPEC to continue curbing World oil production | Deshabhimani

Dubai/Moscow OPEC countries are moving to continue to control oil production despite the opposition of the United States and Western countries. The Organization of the Petroleum Exporting Countries (OPEC) decided to continue the production cut at its meeting on Sunday. OPEC’s action comes after the European Union, G7 countries and Australia set a price ceiling […]

“OPEC+, no further cuts… Keeping the previous agreement” foreign press report

OPEC+, a group of major oil exporting countries, was said to have agreed on the 4th (local time) not to change the current level of crude oil production. AFP reported this, citing the words of multiple participants who attended the OPEC+ online ministerial meeting that day. Earlier, OPEC+ agreed in October to reduce oil production […]

Oil market sentiment: WTI oil closed 96 cents.

West Texas Intermediate (WTI) crude futures in New York closed higher on Tuesday (Nov. 29), citing hopes that China would ease its COVID-19 containment measures. and will return to open the country However, concerns that the Organization of the Petroleum Exporting Countries (OPEC) and its allies (OPEC Plus) will maintain their production policy at Sunday’s […]

reduction in oil production; Biden to review Saudi Arabia-US relationship Biden re-evaluates US relationship with Saudi Arabia after OPEC decision

Washington: After OPEC announced that it will cut oil production, US President Joe Biden announced that he will re-examine relations with Saudi Arabia, according to White House security spokesman John Kirby. A Saudi-led coalition of oil producers has announced it will stand with Russia to cut production. The decision to cut oil production by two […]

OPEC to cut oil production OPEC to cut oil production

London: OPEC has decided to cut oil production to overcome the fall in international crude oil prices. 20 lakh barrels per day will be reduced. This is the first time since the pandemic that such a large amount has been cut and US President Joe Biden has asked not to cut oil production. The decision […]