Similar Stories to Here Are 3 Oil Stocks That Stand To Benefit The Most From Opec's Production Cut on Bing News

An OPEC cut would likely send crude prices higher. Image source: Getty Images. On Sept. 28, OPEC, the cartel of oil-producing nations that controls more than one-third of global oil output and over 70% of the world's proven oil reserves, shocked the markets with a surprise deal that would see its total oil production fall as much as 750,000 barrels per day.

Topics:  images   sept   opec   oil   stocks   benefit   production   cut   prices   higher   output   
BING NEWS:
  • Oil adds to week's sharp loss as rollover of OPEC output cuts may meet resistance
    Oil prices posted their steepest weekly loss in three months, as the market, already concerned about weakening demand, coped with mounting speculation that OPEC's June meeting could expose cracks in ...
    05/3/2024 - 12:45 pm | View Link
  • UAE Quietly Boosts Oil Production Capacity Ahead of OPEC Meeting
    ADNOC increased its oil production capacity to 4.85 million bpd ahead of the next OPEC meeting. The country’s stated aim is to reach 5 million bpd capacity by 2027. OPEC’s current production cuts are ...
    05/2/2024 - 3:00 am | View Link
  • OPEC’s Oil Production Falls in April
    OPEC’s crude oil production fell in April, according to a new Reuters survey, with news of the fall likely to add support to falling oil prices.
    04/30/2024 - 6:30 am | View Link
  • Will Namibia Become OPEC’s Newest Member?
    Namibia wants to join OPEC as it prepares to reap the benefits of its crude oil resources, with daily production capacity seen at an impressive ...
    04/19/2024 - 5:59 am | View Link
  • 15 Countries with the Largest Proven Oil Reserves in the World
    Whether you are a beginner investor or professional one looking for the best stocks to buy, you can benefit from ... gasoline and diesel production. Qatar, one of OPEC’s longest-standing members ...
    04/19/2024 - 12:48 am | View Link
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