OPEC

After the “OPEC Plus” decision… Find out what Saudi and Russia’s oil production will reach

Dubai, United Arab Emirates (CNN) — The Organization of Petroleum Producing Countries and its partners, or what is known as “OPEC +”, announced on Wednesday to reduce oil production by two million barrels per day starting next November, compared to the production required in August, which is the largest Reduced since the beginning of 2020, … Read more

An Emirati academic comments on America’s opposition to the “OPEC Plus” decision to reduce oil production: Washington must wake up

Dubai, United Arab Emirates (CNN) – The Emirati academic, Abdul Khaleq Abdullah, commented on Thursday on the American position regarding the announcement by the Organization of the Petroleum Producing State and its partners, or what is known as “OPEC Plus”, on Wednesday, to reduce its oil production by two million barrels per day. US President … Read more

After the OPEC Plus decision, America resolves the controversy over its plans to transfer American forces from Saudi Arabia and the UAE

Al-Marsad newspaper: The US State Department said today, Thursday, that it has no plans to transfer US forces from Saudi Arabia and the UAE, in the wake of the OPEC + decision. The State Department added: “We are in regular contact with Saudi Arabia on various issues.” Today, Thursday, US President Joe Biden expressed his … Read more

OPEC + cuts oil production by 2 million barrels per day | Economy

The decision was adopted at a ministerial conference of the Organization of Petroleum Exporting Countries (OPEC) and its ten allied producing nations – including Russia, Mexico and Kazakhstan – in Vienna, which was the group’s first face-to-face meeting since the start of the covid pandemic. The OPEC+ alliance, led by Saudi Arabia and Russia, decided … Read more

With OPEC + reducing its production .. The White House: Biden’s trip to Saudi Arabia was not a “waste of time”

(CNN)– A White House spokesman said, on Wednesday, that the reduction in oil production from OPEC + does not mean that President Joe Biden’s visit to Saudi Arabia in July was a “waste of time.” Speaking on Fox News, the National Security Council Communications Coordinator, John Kirby, said the oil-producing bloc is instead “scaling its … Read more

Sources to CNN: The White House is pressuring the OPEC countries to avoid a “disaster”, and the production cut is considered a “hostile act”

(CNN) — Sources revealed to CNN that the Joe Biden administration has launched a large-scale pressure campaign in a last-ditch effort to dissuade allies in the Middle East from drastically reducing oil production. This comes before the crucial meeting, on Wednesday, of the Organization of Petroleum Exporting Countries +, the international bloc of oil producers, … Read more

Oil continues to rise with the direction of “OPEC +” to reduce production by two million barrels

Oil rose after he said alliance “OPEC+” He is considering lowering the production limit by up to two million barrels per day, double what was previously expected. West Texas Intermediate crude was trading near $86 a barrel, having earlier jumped as much as 4%. The OPEC decision could lead to the largest reduction by the … Read more