Published 2 years ago

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

Summary by Ground News

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.

0 Articles

All

Left

Center

Right

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

2 years ago·United Kingdom

Read Full Article

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.

2 years ago·United States

Read Full Article

TASS [🇷🇺-affiliated]

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

2 years ago·Moscow, Russian Federation

Read Full Article

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”…

2 years ago·Canada

Read Full Article

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

2 years ago·Canada

Read Full Article

The Globe & Mail

OPEC+ agrees to stick to planned oil output increase for February

Current plans would see OPEC+ again raise the target by 400,000 barrels per day for February, leaving about 3 million bpd in cuts to unwind by September, in line with an agreement last July

2 years ago·Canada

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year

Ground News Article Assistant

Not enough coverage to generate an Article Assistant.