vimarsana.com

Page 99 - துணை ப்ரைம் அமைச்சர் அலெக்சாண்டர் நோவாக் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

OPEC+ to Choose Between Gradual Output Hikes or Keeping Cuts

OPEC+ to Choose Between Gradual Output Hikes or Keeping Cuts Bloomberg 1 hr ago Dina Khrennikova, Salma El Wardany, Grant Smith and Javier Blas © Photographer: Bloomberg/Bloomberg An oil pump operates at the Bahrain Petroleum Company (BAPCO) run oil field in Awali, Bahrain, on Tuesday, March 30, 2010. Bahrain s low levels of debt give the Gulf state room to adjust fiscal policy to help the economy through the global crisis, Finance Minister Sheikh Ahmed bin Mohammed al-Khalifa said. (Bloomberg) The OPEC+ meeting on Thursday will discuss whether to resume a monthly schedule of modest and gradual production increases or maintain current output cuts, according to a delegate.

OPEC+ Approves Only Modest Oil Output Increases

OPEC+ Approves Only Modest Oil Output Increases By AFP News on April 02 2021 4:51 AM Oil producing countries grouped together under the OPEC+ alliance led by Saudi Arabia and Russia agreed Thursday to only limited output increases as of next month. Crude prices shot higher after the announcement, with the main international contract, Brent, rising 1.8 percent to $63.84, while the US contract WTI jumped 2.1 percent to 60.39. In a statement issued after the meeting, the ministers noted improvements in the market supported by global vaccination programmes and stimulus packages in key economies . However, they also noted the volatility observed in recent weeks warrants a continued cautious and vigilant approach in monitoring market developments.

© 2025 Vimarsana

vimarsana © 2020. All Rights Reserved.