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OPEC+ agrees voluntary oil production cuts

 
Emeraldlight

User ID: 80816366
United States
11/30/2023 04:28 PM

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OPEC+ agrees voluntary oil production cuts
OPEC+ producers have agreed to voluntary oil output cuts for the first quarter next year in an attempt to boost the market, but crude prices fell after the move.

Saudi Arabia, Russia and other members of OPEC+, who pump more than 40 percent of the world’s oil, met online on Thursday and issued a statement summarising countries’ voluntary cut announcements.

[link to www.aljazeera.com (secure)]
Anonymous Coward
User ID: 79203293
United States
11/30/2023 04:32 PM
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Re: OPEC+ agrees voluntary oil production cuts
peak oil

.
Emeraldlight  (OP)

User ID: 80816366
United States
11/30/2023 04:37 PM

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Re: OPEC+ agrees voluntary oil production cuts
peak oil

.
 Quoting: Anonymous Coward 79203293


Don't think so-tons of oil but they want to keep prices up-less work more profit.





GLP