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Opec+ expected to slash oil output

Bangkok Post LogoBangkok Post2 mo ago

Opec+ expected to slash oil output - Bangkok Post

Quick Summary:

VIENNA: Major oil producers led by Saudi Arabia and Russia were set to meet Wednesday as reports said they were mulling an output cut of up to two million barrels per day in a bid to prop up slumping prices.

After soaring close to US$140 per barrel in the aftermath of Russia's invasion of Ukraine in late February, oil prices have dropped below the $90 mark.

Output returned to pre-pandemic levels this year, but only on paper as some members have struggled to meet their quotas.


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Article Details

Category: Economy

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-10-05 @ 11:45:00 (2 months ago)

News Timezone: GMT +8:00

Ranking: #1180 (out of 3189 stories this day)

News Source URL: bangkokpost.com

Language: English

Article Length: 776 words

Reading Time: 5 minutes read

Sentences: 33 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 734199

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About Bangkok Post

Main Topics: Economy

Official Website: bangkokpost.com

Update Frequency: 14 posts per day

Year Established: 1946

Headquarters: Thailand

News Last Updated: 10 hours ago

Coverage Areas: Thailand

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #66

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  • URL: https://beamstart.com/news/opec-expected-to-slash-oil-16649480771921

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