Opec Oil Cuts

• Saudi Arabia, other OPEC+ nations will further slash oil production

  Saudi Arabia and other OPEC+ oil producers on Sunday announced further cuts in their production amounting to around 1.16 million barrels per day in a surprise move.

  Economy

  Apr 2, 2023
  
• Biden warns Saudi Arabia of ‘consequences’ after OPEC+ cuts oil production

  Biden suggested he would soon take action, as aides announced that the administration is reevaluating its relationship with the kingdom in light of the oil production cut.

  World

  Oct 12, 2022
  
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• OPEC, oil nations agree to record-setting oil production cut amid coronavirus pandemic

  Measures to slow the spread of the coronavirus have destroyed demand for fuel and driven down oil prices, straining budgets of oil producers.

  Canada

  Apr 12, 2020