Similar Stories to Oil Rises 1 Percent On Deepening Opec Supply Cuts, Sanctions On Venezuela on Bing News

Oil prices rose on Wednesday as producer club OPEC said it had cut supply deeply in January and as U.S. sanctions hit Venezuela's oil exports.

Topics:  opec   january   u.s    venezuela   oil   supply   sanctions   
BING NEWS:
  • OPEC may soon lose its sway over global oil prices, IEA says
    OPEC, which has ... the emergence of a huge supply surplus that could depress prices and hurt the oil-dependent economies of its member states. Its production cuts amount to about 5.7% of global ...
    06/12/2024 - 2:39 am | View Link
  • Oil rises 1% ahead of inflation data after downbeat week
    Eyes will also be trained on the coming meeting of the OPEC+ group of oil producers comprising the Organization of the Petroleum Exporting Countries (OPEC ... to output cuts of 2.2 million ...
    05/27/2024 - 6:57 am | View Link
  • What is OPEC+ and how does it affect oil prices?
    Some of the producer group's supply cuts have had significant effects ... reduced by the war in Ukraine and Western sanctions. The current members of OPEC are: Saudi Arabia, United Arab Emirates ...
    05/24/2024 - 3:58 am | View Link
  • Oil prices slide 1% to 11-week low on weaker IEA 2024 demand forecast
    "After (the second quarter), we expect oil will become bearish as a result of non-OPEC supply growth, decreasing OPEC+ space capacity and softer-than-anticipated demand due to persistent inflation ...
    05/15/2024 - 4:46 am | View Link
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