Friday, September 22, 2023
  • Login
CEO North America
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
No Result
View All Result
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
No Result
View All Result
CEO North America
No Result
View All Result

OPEC+ Sticks to Planned Oil Production Increase

in News
Opec+ sticks to planned oil production increase
Share on LinkedinShare on WhatsApp

OPEC+ countries agreed to stick to a planned crude output increase in August.

After a virtual meeting on Thursday, the group that gathers some of the world’s most powerful oil producers (OPEC and non-OPEC partners with Russia included) decided to follow the original plan to increase 648,000 barrels per day during August.

At the group’s last gathering in early June, OPEC+ decided to raise output by 648,000 barrels per day in both July and August, ending reductions implemented during the Covid pandemic.

The decision was welcomed by President Joe Biden’s administration, which has repeatedly pushed for the group to pump more oil and ease the market.

Facing uncertainty on how the war in Ukraine is going to further impact energy prices and central banks moving faster to control inflation, oil prices are becoming a top concern.

OPEC+ goal is to return the 10 million barrels per day pulled away from the market in April 2020.

Early this morning, international benchmark Brent crude futures traded at $115 a barrel, while WTI futures traded at $108.

President Biden will travel next month to the Middle East, including Saudi Arabia, where he is expected to discuss raising crude production. OPEC + next meeting would take place on Aug. 3.

Tags: Oil and GasOPECOPEC+

Related Posts

Us brings back free at-home covid tests
Innovation

US brings back free at-home Covid tests

Instacart loses ipo gains during second trading day
Business

Instacart loses IPO gains during second trading day

Fed puts off interest rate hike
Industry

Fed puts off interest rate hike

Us automakers layoff workers amid uaw strike
Industry

US automakers layoff workers amid UAW strike

Warner bros. Discovery adds live sports streaming to max
Business

Warner Bros. Discovery adds live sports streaming to Max

Retailers’ holiday hiring plans sink to lowest levels since 2008
Industry

Retailers’ holiday hiring plans sink to lowest levels since 2008

Disney to double resources toward entertainment parks
Business

Disney to double resources toward entertainment parks

Instacart closes 12% higher after nasdaq debut
Business

Instacart closes 12% higher after Nasdaq debut

Us homebuilder confidence tumbles
Industry

US homebuilder confidence tumbles

Clorox claims cyberattack has stalled production
Business

Clorox claims cyberattack has stalled production

No Result
View All Result

Recent Posts

  • Deep-sea mining could be source of minerals critical to Earth’s future
  • Neuralink to begin human trials
  • Anheuser-Busch ends its traditional clipping of Clydesdale tails
  • US brings back free at-home Covid tests
  • Instacart loses IPO gains during second trading day

Recent Comments

  • Juul Unveils Cutting-Edge Vaping Tech: Navigating FDA Uncertainties – iStreetPark Blog on Juul hopes FDA won’t ban its new high-tech vape
  • CEO North America, August - September 2023 - CEO North America on Interviews – CEO North America, October – November 2022
  • CEO North America, August - September 2023 - CEO North America on CEO North America, December 2022 – January 2023
  • CEO North America, August - September 2023 - CEO North America on Why Tech Companies Are Moving to Texas and Florida
  • CEO North America, August - September 2023 - CEO North America on CEO North America, February 2023 – March 2023

Archives

Categories

  • Art & Culture
  • Business
  • CEO Interviews
  • CEO Life
  • Editor´s Choice
  • Entrepreneur
  • Environment
  • Food
  • Health
  • Highlights
  • Industry
  • Innovation
  • Issues
  • Management & Leadership
  • News
  • Opinion
  • PrimeZone
  • Printed Version
  • Technology
  • Travel
  • Uncategorized

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

  • CONTACT
  • GENERAL ENQUIRIES
  • ADVERTISING
  • MEDIA KIT
  • DIRECTORY
  • TERMS AND CONDITIONS

Editorials – stuart.james@ceo-na.com

Advertising – media@ceo-na.com

NEW YORK

110 Wall St.,
3rd Floor
New York, NY.
10005
USA
+1 212 432 5800

 

MEXICO CITY

Paseo de la Reforma 296,
Floor 38
Mexico City
06600
MEXICO

  • CONTACT
  • GENERAL ENQUIRIES
  • ADVERTISING
  • MEDIA KIT
  • DIRECTORY
  • TERMS AND CONDITIONS

Editorials –
stuart.james@ceo-na.com

Advertising –
media@ceo-na.com

NEW YORK

110 Wall St.,
3rd Floor
New York, NY.
10005
USA
+1 212 432 5800

MEXICO CITY

Paseo de la Reforma 296,
Floor 38
Mexico City
06600
MEXICO

CEO North America © 2022 - Sitemap

No Result
View All Result
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Warning: array_sum() expects parameter 1 to be array, null given in /home/ceonacom/public_html/wp-content/plugins/jnews-social-share/class.jnews-social-background-process.php on line 111