RIYADH: Oil output by the Organization of the Petroleum Exporting Countries and its allies could be cut by 100,000 barrels per day following a meeting of the group on Monday, according to a source.
Reuters is reporting that the organization, known as OPEC+, is weighing up the move to bolster prices, despite supplies remaining tight.
OPEC+, which includes Russia, agreed to increase output by 648,000 bpd in both July and August, as they fully unwind nearly 10 million bpd of cuts implemented in May 2020 to counter the COVID-19 pandemic.
BARCELONA: Cristiano Ronaldo has been provisionally suspended after the Portuguese Football Federation (FPF) announced on…
BERLIN: Germany said Saturday it would continue to push for new EU sanctions against Russia…
DURBAN: Australia’s Matt Renshaw scored an unbeaten century to keep up his side’s resistance as…
CEUTA, Spain: Hundreds of teenage migrants lined up outside a church in Ceuta in early…
ABU DHABI: Merab Dvalishvili is preparing for a “25-minute war” when he faces Petr Yan…
DOS HERMANAS, Spain: Spain’s Prime Minister Pedro Sanchez aimed to pull off another unlikely comeback…