White House welcomes OPEC+ decision to stick to planned output increase

22 days ago·Washington, United States

Articles

General Summary

OPEC and its allies, collectively known as OPEC+, said on Tuesday after a meeting via video conference that it would stick to the plan to increase oil production by 400,000 barrels per day in February. The oil alliance is unwinding record production cuts imposed in 2020, as demand and prices recover from pandemic-induced slump.

Summary by Ground News

Yahoo News

White House welcomes OPEC+ decision to stick to planned output increase

The White House on Tuesday welcomed a decision by top oil producers to stick with their plans to raise crude production and touted "close" coordination with Saudi Arabia and the United Arab Emirates. Earlier on Tuesday, a group of producers comprising the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia stuck to a planned increase of 400,000 barrels per day for February. "The administration is focused on mak…

22 days ago·Los Angeles, United States

Ownership:Verizon Communications

Reuters

White House welcomes OPEC+ decision to stick to planned output increase

By Trevor Hunnicutt WASHINGTON - The White House on Tuesday welcomed a decision by top oil producers to stick with their plans to raise crude production and touted "close" coordination with Saudi Arabia and the United Arab Emirates. Earlier on Tuesday, a group of producers comprising the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia stuck to a

22 days ago·United Kingdom

Ownership:The Woodbridge Company

CNBC

OPEC+ expected to stick to planned oil output hike as omicron Covid cases soar

Oil prices climbed more than 50% last year, with energy investors optimistic that the highly infectious omicron variant may be less severe than feared.

22 days ago·United States

Ownership:Roberts family

Financial Post

Oil rises 1.5% as OPEC+ agrees to planned output increase

Oil prices rose 1.5% on Tuesday as OPEC+ producers agreed to stick with their planned increase for February based on indications that the Omicron coronavirus variant would have only a mild impact on demand. Read More

22 days ago·Canada

Ownership:Leon Cooperman, Allianz

TASS

OPEC+ ministers extend plan to increase oil output by 400,000 bpd for February

The draft communique, made available to TASS, also says that the plan to increase oil production by 400,000 barrels per day for February had been approved

22 days ago·Moscow, Russian Federation

Ownership:Government of Russia

National Post

White House welcomes OPEC+ decision to stick to planned output increase

WASHINGTON — The White House on Tuesday welcomed a decision by top oil producers to stick with their plans to raise crude production and touted “close”…

22 days ago·Canada

Ownership:Leon Cooperman, Allianz