Published 2 years ago

OPEC+ agrees deep cuts to oil production despite U.S. pressure

Summary by Ground News

The Organization of the Petroleum Exporting Countries (OPEC) and its oil-exporting allies announced a 2 million barrel per day cut in oil production Wednesday, bucking months of pressure from Washington to increase production and potentially spiking gas prices again.

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Times of India

OPEC+ makes big oil cut to boost prices; pump costs may rise

The OPEC+ alliance of oil-exporting countries has decided to sharply cut production to support sagging oil prices.The move Wednesday could deal the struggling global economy another blow and raise politically sensitive pump prices for US drivers just ahead of key national elections.

2 years ago·India

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BBC News

Petrol price rise warning after Opec oil output cut

Major oil producers including Saudi Arabia will pump less, raising fears of higher fuel prices.

2 years ago·United Kingdom

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News18 India

OPEC+ Angers US With Major Oil Output Cut

OPEC+ began to raise production last year after the market improved. Output returned to pre-pandemic levels this year, but only on paper as some members have struggled to meet their quotas

2 years ago·India

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The Guardian

Fears grow over oil price as Opec+ agrees to cut output

Cartel curbs production by 2m barrels a day despite strong US pressure

2 years ago·London, United Kingdom

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The Hindu

OPEC+ makes big oil cut to boost prices; pump costs may rise

The OPEC+ alliance of oil-exporting countries has decided to sharply cut production to support sagging oil prices

2 years ago·India

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CTV News

OPEC+ makes big oil cut to boost prices; pump costs may rise

The OPEC+ alliance of oil-exporting countries on Wednesday decided to sharply cut production to support sagging oil prices, a move that could deal the struggling global economy another blow and raise politically sensitive pump prices for U.S. drivers just ahead of key national elections.

2 years ago·Canada

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