OPEC+ meeting may consider output cut this week: report

Oil jumps more than 3% as OPEC+ mulls cuts of up to 1 million barrels per day

By Florence Tan SINGAPORE - Oil prices jumped more than 3% in early Asian trade on Monday as OPEC+ considers cutting output of up to 1 million barrels per day at a meeting this week to support the market. Brent crude futures rebounded $2.82, or 3.3%, to $87.96 a barrel by 2337 GMT after settling down 0.6% on Friday. U.S. West Texas Intermediate crude was at $82.09 a barrel, up $2.60,

OPEC+ may consider output cut of more than 1 million bpd

Sun, 2022-10-02 23:34 RIYADH:  The Organization of the Petroleum Exporting Countries and its allies led by Russia, also known as OPEC+, will consider an oil output cut of more than a million barrels per day when it meets on Oct. 5, OPEC sources told Reuters on Sunday. The figure is slightly above estimates for a cut given last week, which ranged between 500,000 bpd and 1 million bpd. OPEC+ is meeting in person in Vienna for the first time sin…

OPEC+ to consider oil cut of over than 1 mln bpd

DUBAI -- OPEC+ will consider an oil output cut of more than a million barrels per day (bpd) next week, OPEC sources said on Sunday, in what would be the biggest move yet since the COVID-19 pandemic to address oil market weakness. Read More

Sources: OPEC+ to Consider Oil Output Cut of More Than 1 Million Bpd

OPEC+ will consider an oil output cut of more than a million barrels per day (bpd) when it meets on Oct. 5, OPEC sources told Reuters on Sunday. The figure is slightly above estimates for a cut given last week, which ranged between 500,000 bpd and 1 million bpd. OPEC+, which combines OPEC countries and allies such as Russia, is meeting in person in Vienna for the first time since March 2020. "It is a meeting that is taking place at a very intere…

OPEC+ Mulls Output Cut of Up to 1 Million Barrels per Day

Leading OPEC+ members have begun discussions about an oil output cut at the group's next meeting on October 5.

OPEC+ to consider oil output cut of over 1 mln bpd: Report

The figure is slightly above the estimate for a cut given last week which ranged between 500,000 bpd to 1 million bpd.