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Oil prices could skyrocket if OPEC+ fails in pledge to deliver more supply

Oil prices could skyrocket if OPEC+ fails in pledge to deliver more supply

Posted By: Editorial Teamon: July 01, 2021In: BUSINESS, ECONOMY, NEWSNo Comments

OPEC heads into Thursday’s meeting with Russia and other allies with a better command of world oil prices than it has had in years, analysts said. OPEC+, the organization of oil-producing countries and its allies, is expected to consider adding between 500,000 and 1 million barrels per day, but analysts said there is some talk […] Read more

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Oil prices jump as OPEC+ keeps production largely steady, Saudi Arabia continues voluntary cut

Oil prices jump as OPEC+ keeps production largely steady, Saudi Arabia continues voluntary cut

Posted By: Editorial Teamon: March 04, 2021In: BUSINESS, NEWSNo Comments

Oil prices jumped on Thursday after OPEC and its oil-producing allies said the group would keep production largely steady through April. Saudi Arabia also said that it would extend its one million barrels per day voluntary production cut into April. The group approved the continuation of current production levels for April, except that Russia and […] Read more

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