Oil Markets Confused and Underwhelmed by OPEC+ Cuts
Oil markets were left both confused and underwhelmed by the OPEC+ announcement that it would cut production by 2.2 million bpd in 2024.
Source: oilprice.com
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Top News In Pec Today - Breaking & Trending Today
Brazil Won't Cap Its Oil Production Despite Joining OPEC+ Group
Brazil claims it will not have any quota and will not participate in oil production cuts when it joins OPEC+ next year.
Source: oilprice.com
Oil prices steady as US dollar ticks slightly higher
ALBAWABA – Oil prices steadied as OPEC+ members negotiated cutting oil supplies with Bloomberg’s US dollar index up on stronger safe-haven markets.
Source: albawaba.com
OPEC+ Preliminary Agrees to Cut Oil Production By Over 1Mln Barrels Per Day
OPEC+ has reached a preliminary agreement on an additional reduction in oil production by more than 1 million barrels per day, media reported on Thursday, citing a source in the alliance.
Source: sputnikglobe.com
Oil Prices Retreat As OPEC+ Cuts Another 684KBPD, Brazil Joins OPEC+
Oil prices began to retreat on Thursday afternoon as it became clear that OPEC+ members were agreeing to voluntary cuts beginning in the new year, and that those cuts would be announced only by each member country instead of by the group as a whole.
Source: oilprice.com