Search For "opec oil production"
OPEC+ extends major oil production cuts until 2025 to stabilise market
Updated : 2 years ago IST
Faced with slow demand growth, high interest rates, and the rise in U.S. oil production, the group aims to support oil prices by managing supply tightly.
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Biden announces release of 15 million barrels of oil from strategic reserv
Updated : 3 years, 7 months ago IST
Washington [US], October 20 (ANI): US President Joe Biden has announced the release of 15 million barrels of oil from the United States strategic reserve, part of a response to recent production cuts announced by OPEC+ nations.
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Indian economy is resilient, not going to be impacted by OPEC+ oil output
Updated : 3 years, 8 months ago IST
New Delhi [India], October 6 (ANI): After OPEC+ agreed to steep oil production cuts on Wednesday, curbing supply in an already tight market, Indian economist Dr Charan Singh called India 'fortunate' enough as the country is not going to be badly impacted by these policies as it is not on
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White House says OPEC+ 'aligning' with Russia as member countries announce
Updated : 3 years, 8 months ago IST
Washington [US], October 6 (ANI): The White House on Wednesday (local time) expressed disappointment over the announcement of a cut in oil production quotas by Organization of the Petroleum Exporting Countries (OPEC) and its allies.
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OPEC+ committee advises alliance not to accelerate oil production increase
Updated : 4 years, 7 months ago IST
Vienna [Austria], November 4 (ANI/Sputnik): The OPEC+ committee recommended the alliance not to accelerate the increase in oil production, and to boost it in December by 4,00,000 barrels per day, a source in one of the delegations told Sputnik.
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Moscow, Riyadh discuss G20 talks, OPEC+ deal implementation, COVID-19 vacc
Updated : 5 years, 9 months ago IST
Moscow [Russia], September 7 (ANI/Sputnik): Russian President Vladimir Putin and Saudi King Salman bin Abdulaziz Al Saud held a phone conversation about preparations for the G20 summit, the implementation of the OPEC+ oil production cuts deal, and the joint production of the Russian vaccine
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OPEC+ oil producers agree on deal to cut output by 9.7m barrels
Updated : 6 years, 1 month ago IST
Dubai [UAE], April 13 (ANI): Big oil producers led by Saudi Arabia and Russia agreed on Sunday to cut output by 9.7 million barrels a day as energy markets grapple with the fallout from the coronavirus pandemic.
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We welcome any news that brings stability to global oil markets: Canada's
Updated : 6 years, 1 month ago IST
Ottawa [Canada], April 13 (Sputnik/ANI): Canada's Natural Resources Minister Seamus O'Regan says Canada welcomes the new OPEC+ oil production cut deal and hopes that it will stabilize the markets.
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