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 Plus will extend its cuts until at least December. Demand has weakened, and other countries, including the United States, are expected to continue to increase production.

OPEC+ extends oil production cuts, boosting Brent Crude prices above $75 per barrel. OPEC Secretary General expresses optimism about oil demand despite challenges. US Presidential election and ...

OPEC agreed Monday to extend by nine months daily oil output cuts aimed at supporting prices and soaking up excess supplies, following last weekend's G20 pact between cartel kingpin Saudi Arabia ...

Vienna, Austria — The OPEC oil cartel and its allies are expected Thursday to extend their supply cuts to avoid a sharp drop in prices in a global market awash in crude. However, dissension that ...

It was barely half a year ago when the member countries of the OPEC+ oil cartel announced plans to unwind deep cuts in production and exports beginning October 1.

Crude oil futures rose on OPEC+ production cut ... in two weeks as OPEC+ expected to extend output cuts. Dec ... of OPEC+ rising by 1.4M bbl/day while the group seeks to unwind output cuts.

Oil prices were moving higher early on Tuesday morning ahead of the latest OPEC+ meeting as members of the group aligned behind plans to extend production cuts into 2025. - US President-elect ...

Crude oil production from all OPEC members rose by 104,000 barrels per day (bpd) in November compared to October, the organization’s Monthly Oil Market Report (MOMR) showed on Wednesday. Total ...

Crude-oil futures were up by about $2 on a weaker dollar and expectations OPEC members and allied producers will again extend production cuts to support prices when they meet on Thursday. The ...

Along with the cuts extended to April, OPEC Plus also said it would extend a separate package of reductions of 1.7 million barrel a day, originally agreed to in 2023, to December 2026.