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OPEC production cut could lift oil prices by $10 per barrel, says analyst

Saudi Arabia and other OPEC+ oil producers on Sunday announced voluntary cuts to their production amounting to around 1.15 million barrels per day in a surprise move they said was aimed at supporting market stability.

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OPEC+ makes over 1 million-barrel oil production cut - Here s a detailed list

The initial impact of the cuts, starting next month, will add up to about 1.1 million barrels a day. From July, due to the extension of Russia’s existing supply reduction, there will be about 1.6 million barrels a day less crude on the market than previously expected.

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An unnamed OPEC source says the cartel is considering output cuts up to 2 mn barrels / day

An unnamed OPEC source says the cartel is considering output cuts up to 2 mn barrels / day
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Opec oil output cut

Oil prices hit 11-month high on Saudi cuts, shrugs off US political turmoil

Oil prices hit 11-month high on Saudi cuts, shrugs off US political turmoil
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