Stories Tagged as
OPEC+
OPEC+ will extend supply cuts — but that doesn't appear to be raising prices
Jun 4, 2024
The petroleum-producing cartel is trying to push global oil prices higher, but Americans aren't seeing an increase at the gas pump.
U.S. oil producers have increased production, frustrating OPEC's efforts to prop up oil prices
by
Justin Ho
Dec 20, 2023
Domestic oil production is running around a million barrels a day ahead of predictions.
OPEC+ members say they'll cut oil production. Global markets don't seem to believe them.
Nov 30, 2023
Production cuts may no longer be as effective at propping up prices because electric vehicles are cutting into global demand.
Delay of OPEC+ meeting leaves questions about oil supply cuts
by
Henry Epp
Nov 22, 2023
The expectation was that OPEC countries would continue cutting back supply. Some think the delay may mean there’s disagreement about that.
To stay atop the oil market, OPEC became OPEC+. But keeping the cartel in sync isn't easy.
by
Lily Jamali
Jun 28, 2023
The Saudis invited the Russians to the table and rolled out the red carpet. But the Russians haven't always done what the Saudis want.
Saudis cut oil production — but that might not lead to higher gas prices
Jun 5, 2023
Cutting production usually leads to an increase in prices. Here's why that might not be the case this time.
OPEC grapples with sliding oil prices
by
Lily Jamali
May 10, 2023
The cartel releases its monthly oil market report on Thursday.
For public good, not for profit.
If you asked Santa for a break at the gas pump, you may get your Christmas wish
by
Andy Uhler
Dec 7, 2022
It's not the most wrappable holiday gift, but it's a popular one. Here's why we're seeing a dip in oil prices.
What's OPEC+ planning for oil production? It could go either way.
by
Justin Ho
Nov 22, 2022
Analysts say the cartel might cut production if oil prices keep falling, but it could also expand output if supply tightens amid cold temperatures and restrictions on Russian oil.
To raise prices, OPEC+ to subtract oil production
Oct 5, 2022
Production will be cut by 2 million barrels per day, starting in November.