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30 Nov 2023

OPEC+ Mulls New Oil Production Cuts of 1 Million Barrels a Day - WSJ

30 Nov 2023  by reuters   

A view shows a pressure gauge near oil pump jacks outside Almetyevsk in the Republic of Tatarstan, Russia June 4, 2023. REUTERS/Alexander Manzyuk/File Photo Acquire Licensing Rights
OPEC and its Russia-led allies are considering new oil production cuts of as much as 1 million barrels a day, the Wall Street Journal reported on Wednesday.

The move could be announced on Thursday at a virtual meeting of the cartel, WSJ said citing delegates.

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