Saudi Arabia is debating a short-term oil product cut as the deadly coronavirus continues to spread, the Wall Street Journal reported, citing OPEC officials. The…
Tag: The Oil Cartel Alliance
OPEC is sending a clear warning to Washington
OPEC is sending a clear message to Wall Street banks and big investors: if Washington passes legislation that would allow the U.S. government to sue…
OPEC and allies just agreed to cut oil production by 1.2 million barrels per day
- Major oil producers have reached a preliminary deal to cut oil production and boost the market.
- The alliance is currently aiming to take 1.2 million barrels per day off the market, Iranian Energy Minister Bijan Zangeneh told CNBC.
- OPEC has agreed to exempt Iran from cutting production, Zangeneh said.