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Oil output cut
Oil Price
Several Countries Extend Oil Output Cuts to Boost Prices Amid Economic Uncertainty
The OPEC+ alliance on October 5, 2022, decided to sharply cut production to support sagging oil prices. © Michael Probest, APThe plan to extend cuts to mid…
Oil&Gas Drilling
OPEC+ Members Extend Oil Output Cuts to Second Quarter
A view of the entrance to the Organization of the Petroleum Exporting Countries (OPEC) headquarters in Vienna, Austria, November 30, 2023. REUTERS/Leonhard Foeg…
Oil & Gas Supply
Russia Says to Deepen Oil Output Cuts While Easing Export Limits
Fuga Bluemarine crude oil tanker lies at anchor near the terminal Kozmino in Nakhodka Bay near the port city of Nakhodka, Russia, December 4, 2022. REUTERS/Tati…
Oil & Gas Trade
Russia's Gazprom Neft Sees No Need for Extra OPEC+ Oil Output Cuts
Alexander Dyukov, head of Russian oil producer Gazprom Neft, attends a session of the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, R…
Crude Oil
OPEC+ Agrees to Stick to Oil Output Targets Amid Improving China Outlook
Opec's headquarters in Vienna. APThe Opec+ alliance of 23 oil-producing countries has agreed to roll over its existing oil output cuts as the fuel demand ou…
OPEC
U.S. Senate Panel Advances Bill to Rein In OPEC+ Over Oil Output Cut
A U.S. Senate committee this week quietly advanced a bill that seeks to rein in OPEC+ after the oil producer group led by Saudi Arabia and Russia this month agr…
Natural Gas
OPEC+ Has Begun Talks on Output Cut at Oct. 5 Meeting
Leading OPEC+ members have begun discussions about an oil output cut at the group's next meeting on Oct. 5, three sources told Reuters.
Video: OPEC and Its Allies Extends Output Cuts Into April| Oil Price Surge
Global oil prices jumped higher after the organisation of the petroleum exporting nation's OPEC and its allies agreed to extend most oil output cuts into April.
Crude Oil
OPEC President: OPEC+ Shouldn’t Hurry To Ease Oil Output Cuts
The OPEC+ group of producers must continue to calibrate the easing of its collective oil production cuts to the still fragile global oil demand in the pandemic.
Crude Oil
Iraq Pledges to Deepen Oil Output Cuts in August, September
Iraq said on Friday it would cut its oil production by another 400,000 barrels per day in both August and September to compensate for its overproduction in the …
Crude Oil
OPEC+ Delivers 85% Compliance on Oil Output Cuts in May: S&P Global Platts Survey
OPEC and its allies slashed almost one-fifth of their crude oil production in May.
Oil Shale
No One Expected U.S. Shale Oil Output Cuts to Happen So Fast
In brokering the end to the global oil-price war last month, the Trump administration assured leaders that America’s shale patch would throttle back production…
Oil & Gas Trade
Why Russia Finally Accepted Deeper Oil Output Cuts
When Russia refused two months ago to join the deeper OPEC oil cuts, it was because Moscow found them unnecessary. Two months later, Russia agreed to cut quite …
Oil & Gas Trade
Russia Still Studying Proposed Deeper Opec+ Output Cuts: Novak
Russia is still studying proposed deeper oil output cuts by the Opec+ grouping of top producers prompted by the new coronavirus outbreak in China, Energy Minist…
Oil Price
OPEC Countries Unanimously Support Extension of Oil Output Cuts
The Petroleum Exporting Countries (OPEC) unanimously support an extension to the agreement on the reduction of oil output after March 2020 and continue to discu…
