Tag Archives: oil production

Two sources familiar with the matter said that the commitment of the OPEC+ group to oil production cuts amounted to 116 percent in October, up from 115 percent in September. This indicates that the group continues to produce within the framework of the agreed goals. The data showed that the …

OPEC’s crude oil production rose by 217,000 barrels per day to 27.453 million bpd in October, but still fell short of its share of the 400,000-bpd total output hike of the OPEC+ .Under the OPEC+ deal, the ten OPEC members bound by the OPEC+ pact should be raising their combined …

WTI US crude oil rises during the New York session, trading at $84.30. The market sentiment has remained positive as U. S. shares are supported by U. S. Q3 solid corporate earnings, which helped ease investors’ nervousness around high inflation and central bank monetary policy tightening.In the meantime, the US …