October 6, 2022, 5:06 AM. Welcome to today’s Morning Brief, where we’re looking at OPEC’s decision to curtail oil production, Iran’s growing dissent, and Yemen’s expired truce. Christina The OPEC oil cartel holds its monthly meeting Tuesday amid high prices driven by supply shortages and geopolitical tensions. Some analysts predict prices could go up to a $100 a barrel soon. OPEC’s decision will cut oil production by 2%, equal to 2 million barrels per day. Patrick Gourley, an Associate Professor of Economics at the University of New Haven, said the numbers sound HO=F. Heating Oil Feb 24. 2.5868. -0.0217. -0.83%. OPEC on Thursday stuck to its forecast for relatively strong growth in global oil demand in 2023 in 2024, citing signs of a resilient world The OPEC oil cartel led by Saudi Arabia and allied producers including Russia will try to agree Thursday, Nov. 30, 2023 on cuts to the amount of crude they send to the world, with prices having tumbled lately despite their efforts to prop them up. (AP Photo/Lisa Leutner, file) LONDON (AP) — The OPEC oil cartel led by Saudi Arabia and allied Saudi Press Agency, via Reuters. Officials from OPEC, Russia and other oil-producing countries decided on Wednesday to stick with their hard-won July agreement of increasing production each month Saudi, UAE back OPEC cuts as US envoy warns of ‘uncertainty’. ABU DHABI, United Arab Emirates (AP) — Saudi Arabia and the United Arab Emirates defended on Monday a decision by OPEC and its allies to cut oil production, even as an American envoy warned of “economic uncertainty” ahead for the world. Updated 1:41 PM PST, October 4, 2023. OPEC+, a consortium comprising 22 oil-producing nations, announced Sunday an unexpected production cut that will likely give a further boost to oil prices bouncing off their recent lows. p3SA0.

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