With the global economy at a tipping point, a deeply divided Organization of the Petroleum Exporting Countries meeting in Vienna wrangled over whether to cut production and prop up crude oil prices. Saudi Arabia, the world’s biggest oil exporter and the cartel member with the greatest latitude for tightening or opening its taps, arrived vowing to maintain its output and hold the line on quotas for the group.

BING NEWS:
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    06/7/2024 - 7:58 am | View Link
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    OPEC+ agreed to extend all production curbs into next year, which likely will keep oil prices elevated through the U.S.
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  • OPEC Extends Oil Production Cut
    Provided by SyndiGate Media Inc. (Syndigate.info).
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    The OPEC+ alliance has agreed to extend output cuts through next year, likely keeping prices high through the November presidential election.
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  • OPEC nations agree to extend oil production cuts
    OPEC and other oil-producing countries announced their plan to try to keep oil prices high at least through the end of the year.
    06/2/2024 - 9:06 am | View Link
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