Log in
Subscribe
Sunday, October 6, 2024

December 5, 2019

If OPEC+ announces a new cut, it may not be what it seems- oil and gas 360

If OPEC+ announces a new cut, it may not be what it seems

December 5, 2019

Houston Chronicle Speculation is mounting that OPEC and its allies may agree to a deeper production cut at their meeting in Vienna on Thursday, but market watchers shouldn’t take any such announcement at face value. Even a sizable “new” cut like the 400,000 barrel-a-day reduction Iraq’s Oil Minister Thamir Ghadhban was suggesting wouldn’t necessarily remove any oil from the market.

Oil rises as OPEC, allies gear for deeper output cuts- oil and gas 360

Oil rises as OPEC, allies gear for deeper output cuts

December 5, 2019

Reuters LONDON – Oil prices rose on Thursday on expectations OPEC and allied oil producers will deepen output cuts in an effort to prop up prices and prevent a glut next year. A ministerial panel of key OPEC members and other major producers led by Russia recommended increasing output cuts by 500,000 barrels per day (bpd) in the first quarter

Linkedin X-twitter Facebook Youtube

Premium Content

  • Analytics: Data,
    Dashboards, Knowledge
  • EnerCom Conference Replays
  • Exclusive Video Interviews
Oil & Gas
Oilfield Services
Energy Transition
Regions
Finance
360 Energy Expert Network
Press Releases

Oil & Gas 360® is a one-stop source of news, information, and analysis from the professionals at EnerCom, Inc.  The website is dedicated to all things energy: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices.

© 2024 Oil & Gas 360®. All Rights Reserved.

Linkedin X-twitter Facebook Youtube

Sign up to receive daily news and stock prices from Oil & Gas 360® directly in your email inbox. 

Name

Market Data ©2020–2024 QuoteMedia. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). RT=Real-Time, EOD=End of Day, PD=Previous Day. Market Data powered by QuoteMedia. Terms of Use.