Oil prices surged on Monday after Saudi Arabia and other OPEC+ producers announced a surprise cut in the amount of crude they plan to pump out every month. CBC | World News
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OPEC+ to cut oil production by 2 million barrels a day next month
The OPEC+ alliance of oil-exporting countries on Wednesday decided to sharply cut production to support sagging oil prices, a move that could deal the struggling global economy another blow and raise politically sensitive pump prices for U.S. drivers just ahead of key national elections. CBC | World News
Read More »Oil price surge: Crude jumps $4 as OPEC considers largest cut since 2020 – ‘No hesitation’
OPEC+ is considering its largest output cut since COVID-19 swept across the world in 2020. Daily Express :: City and Business Feed
Read More »OPEC+ agrees to boost oil output by 100,000 barrels per day
The OPEC oil cartel and its allies decided Wednesday to boost production in September by a much slower pace than in previous months at a time of high gasoline prices and unstable energy supplies exacerbated by the war Russia is waging in Ukraine. CBC | World News
Read More »Oil price crisis as costs set to stay high despite key OPEC decision
OIL prices look set to remain high with predictions increases in production will not be enough to control prices in 2022. Daily Express :: City and Business Feed
Read More »Oil prices come crashing back down following key OPEC meeting
OIL prices have plummeted following a decision by major exporters to press ahead with planned output increases of 400,000 barrels per day in January. Daily Express :: City and Business Feed
Read More »Joe Biden Urges OPEC To Pump More Oil Days After UN’s Dire Climate Warning
The United Nations Intergovernmental Panel on Climate Change (IPCC) released on Monday a devastating report showing that aggressive action is necessary to slow down global warming. As The Daily Beast put it, the report showed that "we’re already f**cked" and that the current situation is a "code red for humanity." Unless governments around the world immediately take action, the UN ...
Read More »Oil prices SURGE as OPEC agree to SLASH production by 1.2 MILLION barrels per day
OIL prices surged today as The Organisation of the Petroleum Exporting Countries and its Russia-led allies clinched a deal to slash oil production from next year. Daily Express :: Finance Feed
Read More »Oil prices spike after OPEC countries decide on production cut
Oil prices spiked sharply higher Friday after OPEC countries agreed to a proposal that would see global oil production reduced by 1.2 million barrels a day. CBC | World News
Read More »Oil prices SURGE as OPEC talks ‘almost reach deal’ after Iran asks for exemptions
OIL prices surged today as reports suggest Organisation of the Petroleum Exporting Countries have almost reached an agreement. Daily Express :: City and Business Feed
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