The OPEC bloc of oil-producing nations announced Monday that it will extend oil production cuts through the end of 2024, spurring a 2 percent increase in the price of U.S. benchmark West Texas ...

The 12-member oil cartel and its 10 allies decided to 'extend the level of overall crude oil production... starting 1 January 2025 until 31 December 2025,' a statement by the alliance said ...

OPEC Plus treads carefully as economic head winds keep oil prices down, with a decision that's unlikely to cause a significant swing in pump prices for U.S. drivers.

OPEC+ members extend oil output cuts through June The move is a part of the group’s perpetual balancing act to stabilize oil prices by reducing supply. Posted 2024-03-03T23:03:12+00:00 - Updated ...

Instead, OPEC and its allies are voluntarily taking oil off the market. In November, several members of OPEC Plus, including the United Arab Emirates, Iraq and Kuwait, joined the Saudis in ...

OPEC+ member nations have agreed to extend their voluntary cuts to crude oil production through the second quarter, the group announced Sunday. The move is a part of the group’s perpetual ...

OPEC+ members led by Saudi Arabia and Russia agreed on Sunday to extend voluntary oil output cuts of 2.2 million barrels per day into the second quarter, giving extra support to the market amid ...

OPEC+ members, after previously adding voluntary oil production cuts in April and November 2023, are extending the cuts once again for 2 months as crude oil and fuel prices continue their slump ...

OPEC Plus members may be responding to growing fears of a recession later this year in the wake of ... Section B, Page 4 of the New York edition with the headline: OPEC Plus Says It’ll Cut Oil ...

The OPEC bloc of oil-producing nations announced Monday that it will extend oil production cuts through the end of 2024, spurring a 2 percent increase in the price of U.S. benchmark West Texas ...

OPEC+ member nations have agreed to extend their voluntary cuts to crude oil production through the second quarter, the group announced Sunday. The move is a part of the group’s perpetual ...