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Keyword: olesyaastakhova

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  • OPEC+ oil producers stick to their guns with another big hike for July

    06/01/2025 1:00:30 PM PDT · by E. Pluribus Unum · 15 replies
    Reuters ^ | May 31, 20259:17 AM CDT | Alex Lawler, Olesya Astakhova and Ahmad Ghaddar
    SummaryEight OPEC+ members met online OPEC+ cites steady economic outlook, healthy fundamentals Started unwinding output cuts in April For more detail on OPEC+ unwinding its cuts, see Explainer LONDON/MOSCOW, May 31 (Reuters) - The world’s largest group of oil producers, OPEC+, stuck to its guns on Saturday with another big increase of 411,000 barrels per day for July as it looks to wrestle back market share and punish over-producers. Having spent years curbing production - more than 5 million barrels a day (bpd) or 5% of world demand - eight OPEC+ countries made an modest output increase in April before...
  • OPEC+ to consider oil cut of over than 1 million barrels per day

    10/02/2022 5:18:50 PM PDT · by EBH · 34 replies
    Reuters ^ | 10/2/22
    DUBAI, Oct 2 (Reuters) - OPEC+ will consider an oil output cut of more than a million barrels per day (bpd) next week, OPEC sources said on Sunday, in what would be the biggest move yet since the COVID-19 pandemic to address oil market weakness. The meeting will take place on Oct. 5 against the backdrop of falling oil prices and months of severe market volatility which prompted top OPEC+ producer, Saudi Arabia, to say the group could cut production. OPEC+, which combines OPEC countries and allies such as Russia, has refused to raise output to lower oil prices despite...