Tag: output

  • OPEC+ looking at output cuts approaching two million barrels

    OPEC+ oil producers on Thursday agreed to voluntary output cuts approaching two million barrels per day (bpd) for early next year led by Saudi Arabia rolling over its current voluntary cut, delegates told Reuters. Saudi Arabia, Russia and other members of OPEC+, who pump more than 40 per cent of the world’s oil, held a virtual meeting on Thursday…