VIENNA—The Organization of the Petroleum Exporting Countries and its Russia-led allies agreed on Wednesday to slash output by 2 million barrels of oil a day, delegates said, a move likely to push up a...
Tag: Organization of the Petroleum Exporting Countries
Russia Signals Opposition to OPEC+ Oil-Production Cut
Russia doesn’t support an oil-production cut at this time, and it is likely OPEC+ will keep its output steady when it meets Monday, people familiar with the matter said, as Moscow maneuvers to thwart ...
OPEC Reportedly Discusses Exempting Russia From Oil Targets—Possibly Setting Stage For Boost In Output
Topline Members of the Organization of the Petroleum Exporting Countries may exempt Russia from an agreement to gradually boost oil production, the Wall Street Journal reported Tuesday, possibly freei...