As a result of OPEC's production cut, I estimate U.S. #gasprices will be impacted by roughly 15-30c/gal But others are taking a more optimistic outlook. According to a AAA spokesperson, the oil ...

The call led to an oil production cut of about 9.7 million barrels per day by OPEC and its alliance countries OPEC+, for an initial period of two months that concluded on 30 June 2020, from 1 May ...

The Organization of Oil Exporting Countries (OPEC) Monday decided to cut their output of crude and ... readiness to make immediate adjustments to production.” The move seeks to keep prices ...

Second, if OPEC were to cut production at its next meeting, it would put itself in serious risk of being unable to meet global demand at a time when the world needs oil most. Demand for oil always ...

The Organisation of Petroleum Exporting Countries (OPEC) and its oil-exporting allies known as OPEC+ yesterday announced a two million barrel per day cut in oil production. The oil cartel also ...

There are clear signs that the Organization of Petroleum Exporting Countries (OPEC+) would most likely stick to its deal on ...

Oil prices have sunk to ... at this point that OPEC+ will cut production this year unless the market fundamentals change. It is routinely said that OPEC members have specific breakeven prices ...

OPEC logo is pictured ... to be imposed on Saudi oil exports, we will not sell oil to any country that imposes a price cap on our supply and we will reduce oil production and I would not be ...

The production cut is the deepest since the peak of the pandemic in 2020. According to the RAC, “such a deep oil production cut will inevitably see oil prices rise, forcing up the wholesale cost ...

OPEC’s crude oil production for February ... OPEC+--responsible for producing around 40% of the world’s crude oil-- cut its oil production targets as demand took a tumble during the pandemic.