Opec-plus’ crude average production averaged 40.81 million b/d, a decline of 1.18 million b/d compared with 2023.

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Oil prices increased due to reduced supplies from Russia and OPEC members. Data showed a rise in U.S. job openings, ...

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The supply/demand outlook for oil increasingly points to downward pressure on oil prices next year, as does greater use of electric vehicles.

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OPEC: Current Production Limits and Future Strategies OPEC (Organization of the Petroleum Exporting Countries) has historically played a pivotal role in managing oil supply to influence global prices.

Lauren Wicks is a freelance writer and editor based in Birmingham, Alabama. She writes for brands such as VERANDA, Well + Good, Southern Living, and EatingWell, covering all things lifestyle from ...

Vienna-based OPEC didn't respond to a request for comment. A further rise in U.S. output would hinder plans by the Organization of the Petroleum Exporting Countries and allies such as Russia to ...

LONDON (Reuters) - OPEC+ is wary of a renewed rise in U.S. oil output when Donald Trump returns to the White House, delegates from the group said, because more U.S. oil would further erode OPEC+ ...