OPEC Cuts

• Biden to release 15M barrels from U.S. strategic oil reserve after OPEC+ cuts

  Biden will deliver remarks Wednesday to announce the drawdown from the strategic reserve, senior administration officials said Tuesday.

  World

  Oct 18, 2022
  
• U.S., Saudi Arabia clash over reason for OPEC+ oil cuts

  The IEA on Thursday added that OPEC's move could worsen demand, saying "higher oil prices may prove the tipping point for a global economy already on the brink of recession."

  World

  Oct 13, 2022
  
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• Oil prices fall to US$ 53 amid growing supply, economic worries

  Analysts worry about surging production and the possibility of weaker global demand ahead.

  Money

  Jan 2, 2019
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• OPEC tries to boost oil prices by extending production cuts through 2018

  The crude output cuts are intended to keep supplies tight and bolster prices.

  World

  Nov 30, 2017