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3 hours ago · LONDON/DUBAI, June 2 (Reuters) - OPEC+ will likely prolong voluntary oil cuts into the third and possibly fourth quarters of 2024 and extend some cuts into 2025, two OPEC+ sources said ahead of ...
1 hour ago · By Irina Slav - Jun 03, 2024, 1:03 AM CDT. OPEC and its partners in OPEC+ this weekend decided to extend their production cuts, including both voluntary and group-wide cuts, until the end of 2025 ...
7 hours ago · TV Shows. June 2nd, 2024, 11:10 PM PDT. OPEC+ extended its production cuts as it seeks to bolster a fragile market, but also set a date to begin bringing some oil back online later this year ...
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7 hours ago · OPEC+ extends cuts. OPEC and it allies agreed to extend official crude production cuts into 2025 amid lackluster demand. A smaller group from the alliance, including Saudi Arabia and Russia, will ...
1 hour ago · A-. A+. New Delhi [India], June 3 (ANI): OPEC+ has announced an extension of its substantial oil production cuts into 2025, aiming to stabilise the market amid sluggish demand growth, elevated interest rates, and increasing U.S. oil production. The group will maintain its current reduction of 5.86 million barrels per day (bpd), with specific ...
7 hours ago · Under the new agreement, the 3.66 million bpd cut will be extended by a year, now expiring at the end of 2025. Meanwhile, the voluntary cuts of 2.2 million bpd will be extended by three months to the end of September 2024. These cuts will then be gradually phased out over a year, starting in October 2024 and ending in September 2025.
7 hours ago · On Sunday, OPEC+ agreed to extend the cuts of 3.66 million bpd by a year until the end of 2025 and prolong the cuts of 2.2 million bpd by three months until the end of September 2024. OPEC will spend one year on gradually phasing out cuts of 2.2 million bpd starting from October 2024 until the end of September 2025, three OPEC+ sources told ...
