-
OPEC+ to consider whether to deepen oil-output cuts at next meeting
OPEC+ TO CONSIDER WHETHER TO DEEPEN OIL-OUTPUT CUTS AT NEXT MEETING ON NOV. 26 - THREE OPEC+ SOURCES#oott
— *Walter Bloomberg (@DeItaone) November 17, 2023
-
While three sources said more cuts could be required, two other #OPEC+ sources said it was too early to say whether further cuts will be discussed, while another said he did not think it was likely with the caveat to "wait and see".#oott https://t.co/ZkOhTyQYW5
— Giovanni Staunovo (@staunovo) November 17, 2023
-
OPEC+ to consider whether more oil cuts needed - sources
OPEC+ is set to consider whether to make additional oil supply cuts when the group meets later this month, three OPEC+ sources told Reuters after prices dropped by almost 20 percent since late September. Oil has slid to around $79 a barrel for Brent crude from a 2023 high in September near $98. Concern about demand and a possible surplus next year has pressured prices, despite support from the OPEC+ cuts and conflict in the Middle East. Saudi Arabia, Russia and other members of OPEC+ have already pledged total oil output cuts of 5.16 million barrels per day, or about 5% of daily global demand, in a series of steps ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Edited Nov 19, 2023 1:04am Nov 18, 2023 10:08am | Edited Nov 19, 2023 1:04am
- fontu
- Joined Mar 2008 | Status: Name real with real own way | 181 Comments
- Comment #2
- Quote
- Nov 18, 2023 10:14am Nov 18, 2023 10:14am
- BillyIdol
- Joined Feb 2023 | Status: Member | 129 Comments
- Comment #3
- Quote
- Nov 19, 2023 1:19am Nov 19, 2023 1:19am
- Baumgart
- | Joined Jul 2012 | Status: Junior Member | 3 Comments