Last Update: July 06, 2023, 02:30 AM IST Saudi Arabia, the world’s biggest crude exporter, said…
Tag: output cut
Why is OPEC+ cutting oil production? Explained
A surprise announcement by OPEC+ to deepen production cuts in April lifted prices by nearly $9…
OPEC: Saudi Arabia cuts production by one million barrels per day to stabilize the oil market
Riyadh announced on Sunday that it would cut production by a further one million barrels per…
Oil ticks up as markets brace for US debt deal, rate hike prospect
Last Update: May 30, 2023, 01:36 AM IST New York, United States (USA) Trading was expected…
Oil prices fall on disappointing China, US economic data despite IEA demand forecast
Last Update: May 16, 2023, 23:47 IST Both benchmarks climbed more than 1% on Monday, reversing…
Oil steady after Russia, says global oil market in balance
Last Update: April 28, 2023, 02:12 AM IST Oil prices also came under pressure as weak…