OPEC+
OPEC+ Countries to Boost Oil Production by 547,000 Barrels Per Day
The move follows an OPEC+ decision in July to boost production by 548,000 barrels per day in August. OPEC said the production adjustments may be paused or reversed as market conditions evolve. read more >
by Associated Press -
Oil and Gasoline Prices to Rise, Forecast Says
Crude oil production cuts by oil-exporting countries are starting to take a toll on global inventories and U.S. gasoline prices. read more >
by Kyle Massey -
OPEC+ Extends Voluntary Production Cut
The countries participating in production cuts, which have gradually piled up since October 2022, have pointed to goals of balancing the oil market. read more >
by Associated Press -
OPEC+ Cuts to Put Pressure On Gasoline Prices, EIA Says
Meanwhile, global liquid fuel consumption is predicted to rise between 1% and 2% over 2023 levels. read more >
by Kyle Massey -
Oil Producers’ Cuts Could Raise Gas Prices, Help Russia
The decision by oil producers, many of them in the OPEC oil cartel, to cut production by more than 1 million barrels a day comes after prices for international benchmark crude slumped amid a slowing global economy that needs less fuel for travel and industry. read more >
by Associated Press -
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