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OPEC+ speeds up oil output hikes, adds 548,000 bpd in August
OPEC+ speeds up oil output hikes, adds 548,000 bpd in August
SUNDAY, JULY 06, 2025
OPEC+ agreed on Saturday to raise production by 548,000 barrels per day in August, further accelerating output increases at its first meeting since oil prices jumped - and then retreated - following Israeli and US attacks on Iran.Saudis, Russia in tentative deal for gradual oil-output hike
Saudis, Russia in tentative deal for gradual oil-output hike
FRIDAY, JULY 02, 2021
An OPEC+ ministerial panel recommended a gradual increase in oil output to the end of the year, paving the way for the wider group to reach a deal that would keep a firm grip on supply even as prices trade at two-year highs.Stocks surge in choppy session on word that Saudi Arabia, Russia may slash oil output
Stocks surge in choppy session on word that Saudi Arabia, Russia may slash oil output
FRIDAY, APRIL 03, 2020
Stocks vaulted to big gains Thursday on word that Saudi Arabia and Russia may slash crude output by 10 million barrels a day. The cuts could chart a path toward restoring the hardest-hit sector of the economy, and the news came as markets were digesting bitter unemployment numbers.
