OPEC Oil Production

• 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
  
• OPEC, allied nations agree to extend oil production cut until end of July

  The curbed output represents some 10 per cent of the world's overall supply.

  Economy

  Jun 6, 2020
  
• Advertisement
• Oil prices soar to 18-month high as global producers agree to cut output

  Oil rose to an 18-month high Monday after OPEC and some of its rivals reached their first deal since 2001 to jointly reduce output to try to tackle global oversupply and boost prices.

  Canada

  Dec 12, 2016