The influential Organization of the Petroleum Exporting Countries and its allies on Sunday agreed to extend its official crude output agreement into 2025.
The influential Organization of the Petroleum Exporting Countries and its allies, collectively known as OPEC+, on Sunday agreed to extend its official crude output agreement into 2025.
The influential Organization of the Petroleum Exporting Countries and its allies, collectively known as OPEC+, on Sunday agreed to extend their official crude output cuts into 2025.The coalition will produce a combined 39.725 million barrels per day next year, according to a table published by the OPEC Secretariat.
Speaking to CNBC, analysts and OPEC+ delegates had previously signaled a high likelihood that the oil producers' alliance would extend its existing supply cuts.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Oil prices and news: Oil sinks despite rumours of OPEC cut into 2025Oil prices are hovering below $78 on Friday, failing to recover from the near 3% decline in just two trading days. For the week, Crude’s performance is broadly flat and could still eke out a gain ahead of the OPEC+ meeting, which will take place on
Read more »
Oil alliance OPEC+ extends crude production agreement into 2025The influential Organization of the Petroleum Exporting Countries and its allies on Sunday agreed to extend its official crude output agreement into 2025.
Read more »
Oil alliance OPEC+ extends production agreement into 2025The influential Organization of the Petroleum Exporting Countries and its allies on Sunday agreed to extend its official crude output agreement into 2025.
Read more »
OPEC+ seen prolonging cuts in 2024 and into 2025, two sources sayOPEC+ seen prolonging cuts in 2024 and into 2025, two sources say
Read more »
OPEC switches to 'call on OPEC+' in global oil demand outlook, sources sayOPEC will stop publishing a calculation of the world's demand for its own crude in its monthly oil report, two sources close to the matter said, focusing instead on forecasts for demand for oil from the wider OPEC+ group.
Read more »
Exxon CEO says dispute with Chevron over Hess Guyana oil assets could drag into 2025Exxon claims right of first refusal on Hess' assets in Guyana under an agreement that governs a consortium developing the country's oil resources.
Read more »