What a production subtraction by OPEC+ means

What a production subtraction by OPEC+ means

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Reaction from US as oil prices surge after several of the world’s largest exporters announce a cut in production.
World Business Report

Oil prices have surged after several of the world’s largest exporters announced a cut in production. Saudi Arabia, Iraq and several Gulf states announced they were cutting output by more than a million barrels of oil a day. Also, Russia said it will extend its cut of half a milli ...  Show more

OPEC+ cuts daily production target
World Business Report

OPEC+, the alliance of oil-exporting countries has agreed its deepest cuts to oil production for more than two years, despite pressure from the US to increase production. Opec Secretary General, Haitham Al Ghais says the move is not a political act. But what are the implications? ...  Show more

US reaction to OPEC oil production cut
World Business Report

Oil prices have surged after several of the world’s largest exporters announced a cut in production. Saudi Arabia, Iraq and several Gulf states announced they were cutting output by more than a million barrels of oil a day. Also, Russia said it will extend its cut of half a milli ...  Show more

Oil price hits 10-month high
World Business Report

Global oil prices have reached their highest level in more than ten months. Brent crude rose above ninety-five dollars a barrel on Tuesday. The increase is being driven by production cuts by two of the world's largest oil exporters, Saudi Arabia and Russia. The International Ener ...  Show more