As a result of OPEC's production cut, I estimate U.S. #gasprices will be impacted by roughly 15-30c/gal But others are taking a more optimistic outlook. According to a AAA spokesperson, the oil ...

The Organisation of Petroleum Exporting Countries (OPEC) and its oil-exporting allies known as OPEC+ yesterday announced a two million barrel per day cut in oil production. The oil cartel also ...

Following the oil price crash, some observers were waiting for OPEC or the Biden Administration to act, it seems that neither ...

The Organization of Oil Exporting Countries (OPEC) Monday decided to cut their output of crude and ... readiness to make immediate adjustments to production.” The move seeks to keep prices ...

The cartel of 13 oil-producing countries on Wednesday agreed to reduce production by 2 million barrels a day as of November, in the context of an already tight market and rising world inflation in ...

An effort by OPEC to push up oil prices looks set to fizzle as members of the oil producers cartel struggle to agree on who should bear the cost of cutting production. They meet in Vienna on Wednesday ...

There are clear signs that the Organization of Petroleum Exporting Countries (OPEC+) would most likely stick to its deal on ...

OPEC logo is pictured ... to be imposed on Saudi oil exports, we will not sell oil to any country that imposes a price cap on our supply and we will reduce oil production and I would not be ...

OPEC’s crude oil production for February ... OPEC+--responsible for producing around 40% of the world’s crude oil-- cut its oil production targets as demand took a tumble during the pandemic.

Oil Output by the Organisation of Petroleum ... lack the capacity to pump at the agreed levels. The 10 OPEC members required to cut production pumped about 880,000 bpd below the group’s target ...