News list for " production reduction plan"
It is said that OPEC + intends to accelerate the lifting of the voluntary production reduction plan of the eight member states and help the UAE complete the quota increase. If the production increase is realized in September, the cumulative production increase of the organization in half a year will reach 2.47 million barrels per day. Click to view...
[Daily Global Commodity Market News Express (May 2) ] 1. Iraq and Kazakhstan have submitted compensatory oil production reduction plans. 2. G7 energy ministers will work on gradually reducing natural gas imports from Russia. 3. Indian government: From May 1, the tax on crude oil windfall profits will be reduced from Rs 9,600 per ton to Rs 8,400 per ton. 4. OPEC crude oil production fell by 50,000 barrels/day to 26.81 million barrels/day in April. Production remained stable. The new production re...
Market news: OPEC crude oil production remained stable in April, but the new production cut plan has not yet been completed.
As oil prices rise, OPEC+still insists on maintaining its production reduction plan and urges member states to comply with production reduction commitments. Some major crude oil consuming countries have already expressed dissatisfaction, and there are also "complaints" within the organization Click to view>& Gt;
A survey shows that OPEC's latest production reduction plan is stalled, and oil production is stable.
