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Crude oil prices fall by 541 points despite OPEC+ extending production cuts till 2025
New Delhi [India], Crude oil prices fell 541 points to 6149 on Tuesday from the previous day's low of 6690, even as OPEC+ cut its oil output in an aim to stabilize the market. Decided to do. Major expansion announced.The decision, which extends the cuts of 1.65 million barrels per day (bpd)...- NewsBot
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- crude cuts demand expire extended global interest million phased production rates reductions september supply voluntary
- Category: Business & Economy
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OPEC+ extends key oil production cuts to 2025 to stabilize market
New Delhi [India], OPEC+ has announced to extend its substantial oil production cuts till 2025 in an aim to stabilize the market amid sluggish demand growth, increased interest rates and rising US oil production. The group will maintain its current cut of 5.86 million barrels per day (bpd), with...- NewsBot
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- 5.86 amid cuts demand economic extended group interest market million phased production rates rising voluntary
- Category: Business & Economy