Commodities

OPEC+ agrees to cut output by a further 1m barrels a day

By Michele Maatouk

Date: Thursday 30 Nov 2023

(Sharecast News) - OPEC+ members have reportedly agreed to cut oil production by a further one million barrels a day.
In an online meeting, the cartel of oil producing nations- led by Saudi Arabic - said the production cuts would begin early next year.

According to the Financial Times, Saudi Arabia will extend a voluntary cut of a similar amount..

News Channel

Article Archive

2025-09-11 - Global oil supplies forecast to climb - IEA
2025-09-10 - Trump calls on EU to impose 100% tariffs on China and India - reports
2025-09-08 - Gold hits fresh highs on US rate cut expectations
2025-09-03 - Gold prices shine as economic storm clouds gather
2025-08-08 - Gold surges to record high on report Trump has imposed tariffs on bars
2025-07-09 - Copper prices soar as Donald Trump pledges 50% tariff
2025-06-23 - Brent could hit $110 a barrel if Iran disrupts Strait of Hormuz - Goldman
2025-06-13 - Oil, gold prices surge after Israel attacks Iran
2025-04-08 - Global slowdown could drive oil prices below $40 - Goldman Sachs
2025-04-08 - Ramsdens shares shine as outlook lifted on surging gold price
2025-04-04 - Oil prices slump to fresh lows on tariffs, output hike
2025-03-31 - Gold price tops $3,100 as trade war fears prompt flight to safety
2025-03-28 - Gold prices hit fresh high on trade turmoil
2025-03-18 - Gold hits fresh high as global tensions mount
2025-03-11 - Trump doubles tariffs to 50% on Canadian steel, aluminium
2025-03-04 - Fresnillo posts jump in operating profits, announces special dividend
2025-02-13 - Israel sees window for Iran strikes, US intelligence says - WSJ
2025-02-05 - Gold prices rally as Trump ratchets up geopolitical tensions
2024-12-12 - Global oil supply to 'comfortably' meet demand in 2025 - IEA
2024-12-11 - Endeavour Mining shares shine as Cote D'Ivoire project advances
2024-12-05 - Crude prices gain as OPEC+ extends supply cuts
2024-10-02 - Oil prices climb on heightened Middle East fears
2024-09-12 - IEA trims forecasts as demand for oil slows
2024-08-20 - Gold prices hit fresh highs amid US rate cut expectations
2024-05-14 - OPEC holds production forecasts, plans to use OPEC+ outlook
2024-05-07 - BP in $1.75bn buyback as Q1 profits fall on weaker prices, margins
2024-03-05 - Gold price hits record high
2024-01-08 - Oil stocks slide as Saudi Arabia cuts crude prices
2023-12-08 - Trafigura to pay shareholders $5.9bn on record profits
2023-12-04 - Gold prices hit record high amid rate cut expectations
2023-11-30 - OPEC+ agrees to cut output by a further 1m barrels a day
2023-11-30 - Saudi said to have won provisional backing for Opec+ oil production cuts
2023-10-20 - Gold and oil prices jump on geopolitical unrest
2023-09-08 - Gas prices spike as Australian workers begin strike
2023-09-05 - Saudi Arabia extends voluntary oil cut - report
2023-07-13 - IEA trims global oil demand forecasts
2023-06-09 - Government introduces price floor on energy windfall tax
2023-04-03 - Oil prices spike following shock Opec cut
2023-03-03 - UAE said to consider leaving Opec, oil prices slide
2023-02-10 - Russia to cut oil output by 500,000 barrels a day
2023-02-02 - Copper output boosts production at Anglo American
2022-12-14 - Oil demand set to grow with price spike possible - IEA
2022-11-28 - Oil prices fall sharply on Chinese unrest
2022-11-14 - Opec cuts forecasts as economic outlook weakens
2022-10-13 - Opec cuts could push world into recession, IEA warns
2022-10-13 - Opec cuts could push world into recession, IEA warns
2022-10-12 - OPEC cuts oil demand, global growth forecasts
2022-09-29 - LME considering ban on Russian metal - report
2022-09-27 - Leaks discovered on Nord Stream pipelines
2022-09-22 - Polymetal swings into the red as Russian pressures mount
2022-09-08 - Truss: household energy bills to be capped at £2,500
2022-09-07 - Putin threatens to halt energy supplies over price cap
2022-09-05 - OPEC+ agrees to cut output by 100,000 bpd in October
2022-08-03 - OPEC+ raises output quota ceiling for September by 100,000 barrels per day
2022-06-15 - Global oil demand to reach fresh highs in 2023 - IEA
2022-05-10 - Tesco chair calls for windfall tax on energy firms
2022-04-28 - Glencore trading business booms in volatile markets
2022-04-27 - Russia halts gas supplies to Poland and Bulgaria
2022-04-13 - Polymetal shelves dividend as Ukraine sanctions bite
2022-04-07 - EU delays Russia coal ban under German pressure - report
2022-04-05 - EU plans phase-out of Russian coal imports - report
2022-04-04 - LME faces probe by UK regulators over nickel trade suspension
2022-04-01 - UK will join US in strategic oil reserves release - report
2022-03-31 - Oil price drops as Biden plots big US reserve release
2022-03-28 - UAE says Russia important to Opec+, asks West to be 'reasonable'
2022-03-25 - US, EU agree increased LNG exports to cut reliance on Russia supply
2022-03-16 - LME halts nickel trading moments after restart
2022-03-16 - IEA says oil price spike, Russia sanctions to hit global growth
2022-03-14 - Oil prices soften amid hopes for Russia-Ukraine peace talks
2022-03-14 - UK house builders rally on cladding hopes
2022-03-08 - LME halts nickel trading as Ukraine war causes price surge
2022-03-07 - Oil prices surge as US mulls Russian import ban
2022-03-01 - Polymetal says ore reserves increased in 2021
2022-02-22 - Oil hits fresh highs as Ukraine crisis escalates
2022-02-17 - South32 ups dividend and buyback as profit surges
2022-02-15 - Glencore to pay $4bn to shareholders as earnings soar
2022-01-24 - Gold prices continue to push higher
2022-01-19 - Oil supply set to overtake demand - IEA
2021-12-14 - Omicron will dent but not upend oil recovery, IEA says
2021-12-08 - Cappuccino crunch looms as coffee hits decade high
2021-12-08 - Profits hit record hight at commodity trader Trafigura
2021-11-30 - Activist urges Glencore to spin off coal assets
2021-11-18 - Oil price drops after US asks countries to tap reserves
2021-11-16 - Reprieve to oil price rally on horizon - IEA
2021-10-26 - Saudi Aramco boss warns of lack of crude oil production capacity
2021-10-18 - Fire breaks out at Kuwait refinery; Supply not hit - KNPC
2021-10-11 - Oil prices hit fresh highs
2021-10-06 - Russia to boost gas supplies to Europe - report
2021-10-04 - Brent jumps as OPEC+ surprises, stands pat on output
2021-09-28 - BoA ups target prices for Gazprom and Novatek amid natural gas price spike

Free Membership To Digital Look

Discover the full range of Investor's Tools and Services from Digital Look - voted 'Best Research & Information Provider 2007' by Investors Chronicle.

Click here to see what you have free access to.

Top of Page