Don't Just Read the News, Understand It.
Published loading...Updated

OPEC extends its oil output cuts by one month until the end of December

  • OPEC+ countries have decided to extend their voluntary oil output cuts through December 2024 due to weak oil prices.
  • The eight participating countries include Saudi Arabia, Russia, and Iraq, among others.
  • OPEC stated they aim for "full conformity" with their targets and will adjust for overproduction by September 2025.
Insights by Ground AI
Does this summary seem wrong?

24 Articles

All
Left
3
Center
12
Right
1
Associated Press NewsAssociated Press News
+16 Reposted by 16 other sources
Lean Left

OPEC extends its oil output cuts by one month until the end of December

Saudi Arabia and allied oil producing countries say they will postpone a plan to gradually increase oil output until the end of the year. The group extended output cuts by one month. No reason was given for the move on…

·United States
Read Full Article

·Vienna, Austria
Read Full Article
vol.atvol.at
Reposted by
Salzburger NachrichtenSalzburger Nachrichten

The oil association OPEC+ is extending its production restrictions for another month. The production cuts of 2.2 million barrels a day that have been in place since November 2023 are now to be maintained until the end of December, the OPEC Secretariat announced on Sunday in Vienna. Oil prices have been trending downward since July. Last week, the US variety WTI (West Texas Intermediate) was trading at prices below 70 dollars, while the North Sea…

Read Full Article
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 75% of the sources are Center
75% Center
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Winnipeg Free Press broke the news in Winnipeg, Canada on Sunday, November 3, 2024.
Sources are mostly out of (0)