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Tag "OPEC Cuts"

Oil price may rise as OPEC+ cuts output by 1.15m bpd from May

The kingdom of Saudi Arabia and other oil-producing countries have announced plans to cut production by 1.15 million barrels per day (bpd) from May till the end of the year.

OPEC+ agrees to cut output by 2m bpd despite US push for bigger quota

Oil price topped $93 a barrel on Wednesday as the Organisation of Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, agreed to a major cut in the global

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