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OPEC+
S. Arabia hikes most August oil prices to Asia after supply cuts
Saturday, 08 July 2023 21:20
IP- Top oil exporter Saudi Arabia raised the prices for most of its crude oil to Asian customers in August for a second month after its announcement of prolonging an extra output cut on top of a broader OPEC+ deal.
OPEC+ oil, energy ministers underline market stability
Friday, 07 July 2023 09:36
Vienna (IP)- OPEC and OPEC+, oil and energy ministers, stressed the need to stabilize the oil market.
OPEC+ to keep pursuing efforts to stabilize oil market, Saudi minister says
Wednesday, 05 July 2023 18:14
OPEC+ will continue pursuing efforts to stabilize the oil market and will do “whatever is necessary”, Saudi Arabia’s energy minister said.
Putin: OPEC+ oil output cuts are non-political
Sunday, 18 June 2023 19:52
IP- Russian President Vladimir Putin said that decisions made by the OPEC+ group to cut oil production were "depoliticized" and were not related to what Moscow calls its "special military operation" in Ukraine.
Oil rises as Saudi cut supports and focus turns to Fed
Thursday, 08 June 2023 17:31
IP- Oil rose on Thursday as tighter supply resulting from Saudi Arabia's pledged production cut and a potential pause to U.S. interest rate hikes offset worries over demand weakness and a global economic slowdown.
Russia to extend voluntary oil production cut until end of 2024
Monday, 05 June 2023 15:10
Russia will extend its voluntary oil production cut of 500,000 barrels per day until the end of December 2024, Russian Deputy Prime Minister said on Sunday after a meeting of OPEC+ group of leading oil producers.
OPEC+ agree to extend oil output cuts
Monday, 05 June 2023 03:15
OPEC Plus, the group of major oil producers, said it would continue its recent cuts in output, but Saudi Arabia said it would cut another one million barrels per day for at least a month starting in July.
OPEC+ discussing deepening oil production cuts, sources say
Saturday, 03 June 2023 12:17
OPEC and its allies are discussing deepening oil production cuts, possibly by as much as 1 million barrels per day, three sources told Reuters on Friday as oil prices fell towards $70 per barrel and market analysts spoke of a new supply glut.
Iraq does not expect OPEC+ to make further oil production cuts
Saturday, 13 May 2023 14:09
Iraq anticipates that the upcoming OPEC+ meeting on June 4 will not reach a decision on extra oil production cuts, Iraqi oil minister told Reuters.
OPEC+ states to further cut oil production
Monday, 01 May 2023 22:18
Several members of the OPEC+ group, including Saudi Arabia and Russia, the cartel’s two biggest oil producers, have begun reducing crude output.
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