Categories: Business

OPEC+ sticks to oil output policy


Wed, 2023-02-01 18:14

LONDON/DUBAI: An OPEC+ panel endorsed the oil producer group’s current output policy at a meeting on Wednesday, leaving production cuts agreed last year in place amid hopes of higher Chinese demand and uncertain prospects for Russian supply.

Ministers from OPEC+ countries — members of the Organization of the Petroleum Exporting Countries and others including Russia — met in a virtual gathering that OPEC+ sources said lasted less than 30 minutes.

Main category:
Business & Economy



Source link

gulftimes

Recent Posts

How to check your breasts, after Lucy Davis reveals terminal cancer diagnosis

The NHS says to check your breasts, external or chest about once a month.That helps…

2 hours ago

US ‘Digging In’ Across Indo-Pacific, Not Retreating From Asia, Pentagon Says as Allies Urged to Boost Defence

The United States has reaffirmed its long-term commitment to the Indo-Pacific, dismissing concerns that Washington…

10 hours ago

Children as young as nine hurt in growing number of e-scooter crashes

Most of the incidents in Manchester, Liverpool and Sheffield involved private e-scooters, often on public…

12 hours ago

Lebanon parliament votes to abolish death penalty

Lebanon's parliament has voted to abolish the death penalty, a move that would make it…

20 hours ago

Houthis kill three in first deadly attack since start of Iran war – reports

Three people have reportedly been killed in a Houthi attack on a small cargo ship…

22 hours ago

Ebola deaths top 2,000 as scientists race to develop vaccine

The current Ebola outbreak caused by the Bundibugyo species, was declared by DRC health officials…

24 hours ago