Published 2 years ago

OPEC+ production cut threatens gas price spike ahead of midterms

Summary by Ground News

OPEC+ is set to hold a critical meeting on Wednesday in Vienna to decide whether to cut production. The move would likely contribute to higher gas prices in the United States and inflation more generally. It would also serve as a diplomatic blow to the White House, which has sought to get Saudi Arabia and other producers to keep production up as sanctions on Russia raise energy prices around the world.

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Times of India

Oil prices inch higher ahead of OPEC+ meeting to discuss supply cuts

OPEC+ has boosted output this year after record cuts put in place in 2020 due to demand destruction caused by the COVID-19 pandemic. But in recent months, the organisation has failed to meet its planned output increases, missing in July by 2.9 million bpd.

2 years ago·India

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Reuters

Oil prices edge up ahead of OPEC+ meeting to discuss supply cuts

Oil prices rose on Tuesday as expectations that OPEC+ may agree to a large cut in crude output on Wednesday offset concerns about the global economy.

2 years ago·United Kingdom

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The Star Kuala Lumpur

Oil prices rally ahead of OPEC+ meeting

NEW YORK, Oct. 4 (Xinhua) -- Oil prices continued their upward trajectory on Tuesday as traders awaited a key meeting of the Organization of Petroleum Exporting Countries and its allies, collectively known as OPEC+. Read full story

2 years ago·Malaysia

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Channel News Asia

Oil prices inch higher ahead of OPEC+ meeting to discuss supply cuts

SINGAPORE : Oil prices inched higher in early Asian trade on Tuesday, on expectations that OPEC+ may agree to a large cut in crude output when it meets on Wednesday but concerns about the global economy capped gains.Brent crude futures rose 43 cents, or 0.5 per cent, to $89.29 per barrel by 0108 GMT afte

2 years ago·Singapore

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RTÉ

Oil edges up ahead of OPEC+ meeting to discuss cuts

Oil prices edged higher today as expectations that OPEC+ may agree to a large cut in crude output when it meets tomorrow offset concerns about the global economy.

2 years ago·Ireland

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The Hill

OPEC+ production cut threatens gas price spike ahead of midterms

OPEC+ is set to hold a critical meeting on Wednesday in Vienna to decide whether to cut production, a move that would drive up the price of oil. Energy industry analysts say the cut could be as much as 2 million barrels per day, a move that would likely contribute to higher gas prices in […]

2 years ago·Washington, United States

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