OPEC+ has agreed to voluntary oil output cuts totaling about 2.2 million barrels per day for the first quarter of 2024. The cuts will be announced individually by members, with Kuwait, Oman, and Iraq among those making additional cuts. Saudi Arabia will extend its production cut of one million barrels a day. The agreement is expected to support crude prices, with some experts expressing skepticism about its implementation and impact on the market. Despite the challenges, OPEC+ members acknowledge the need to reduce output to support prices into 2024.
Here's what OPEC+'s oil production cut means for gas prices, and what else might be affecting them https://t.co/d6ZseIFh56
Saudi Arabia is struggling to boost oil prices, raising possibility of supply war with U.S. https://t.co/T5aczUAZSw
OPEC’s oil production edges lower as a result of modest declines in Iran, Iraq and Nigeria https://t.co/M4XtyhyKlS
OPEC’s oil production edges lower as a result of modest declines in Iran, Iraq and Nigeria https://t.co/jqCOmClGSa
OPEC’s oil production edges lower as a result of modest declines in Iran, Iraq and Nigeria https://t.co/QnVjol4NrP
Here's what OPEC+'s oil production cut means for gas prices, and what else might be affecting them https://t.co/FqcBpVS34O
Oil prices stabilise after slump on underwhelming OPEC+ cuts - Reuters https://t.co/d08tlF0ouh
The OPEC oil cartel led by Saudi Arabia and allied producers including Russia will try to agree Thursday on cuts to the amount of crude they send to the world, with prices having tumbled lately despite their efforts to prop them up. https://t.co/nQ3CQdChuD
WATCH: Oil producers' group OPEC+ agrees to voluntary cut output, prices fall https://t.co/OCqN6cWuxc https://t.co/sPUbORzClL
Oil producers' group OPEC+ agrees to voluntary cut output, prices fall https://t.co/nXldhXvbIU https://t.co/XIKn4qKwr4
Oil prices could reach $100 a barrel in 2024 if OPEC+ members fulfil pledges for voluntary cuts https://t.co/HeafJXxAqu
OPEC+ agrees voluntary oil production cuts https://t.co/ryrydOSG70
WATCH: OPEC+ agrees to cut supply amid concerns that the market faces a potential surplus https://t.co/OCqN6cX2mK https://t.co/JrJ9irIykp
OPEC+ agrees to cut supply amid concerns that the market faces a potential surplus https://t.co/nXldhXvJys https://t.co/uPNIl9TnLt
Oil prices set for sixth straight weekly fall as OPEC+ cuts underwhelm https://t.co/gPz9hQiKs8 https://t.co/wyEKEBh7e3
The latest bid by OPEC+ to support crude prices with additional oil-output cuts has many in the market questioning whether members will adhere to the additional voluntary curbs https://t.co/HWEmYjvrTV
The latest bid by OPEC+ to support crude prices with additional oil-output cuts has many in the market questioning whether members will adhere to the additional voluntary curbs https://t.co/VfJ1Sdkerz
The latest bid by OPEC+ to support crude prices with additional oil-output cuts has many in the market questioning whether members will adhere to the additional voluntary curbs https://t.co/osbejE0Oub
OPEC+ oil producers agreed to voluntary output cuts totaling about 2.2 million barrels per day for early next year led by Saudi Arabia rolling over its current voluntary cut. More here: https://t.co/db33ZMa2B5
OPEC+ oil producers agreed to voluntary output cuts totaling about 2.2 million barrels per day for early next year led by Saudi Arabia rolling over its current voluntary cut https://t.co/d4Za7v9MWC
WATCH: The group of oil producing nations known as OPEC+ is cutting supply by nearly 2 million barrels a day beginning next year https://t.co/OCqN6cWuxc https://t.co/asTunp2fDd
The group of oil producing nations known as OPEC+ is cutting supply by nearly 2 million barrels a day beginning next year https://t.co/nXldhXvJys https://t.co/NOud8OOcky
Oil producers in OPEC Plus met on Thursday and failed to announce new production cuts in the face of sagging prices, but Saudi Arabia later said that it would continue to trim output by one million barrels a day through March with some other countries. https://t.co/1nFdN0E7oH
OPEC+ tweaks Nigeria, Angola oil output levels for 2024 https://t.co/4PJYMC6zsl https://t.co/32Ioqd2Kfn
WATCH: OPEC+ oil producers agreed to voluntary output cuts approaching 2 million barrels per day, but prices fell after rising by more than 1% earlier in the session, with one expert calling the plan 'sketchy' https://t.co/OCqN6cX2mK https://t.co/brS72Y1SKV
OPEC+ oil producers agreed to voluntary output cuts approaching 2 million barrels per day, but prices fell after rising by more than 1% earlier in the session, with one expert calling the plan 'sketchy' https://t.co/nXldhXvbIU https://t.co/L850Ctz1MH
OPEC+ oil producers agree to voluntary output cuts approaching 2 million barrels per day for 2024. Enverus senior associate Josie Mills joins Yahoo Finance to discuss the implications of today's OPEC+ meeting: https://t.co/6Uov6pUAJ3
“Despite the challenges, we still expect OPEC+ to reach an agreement to reduce production,” Jorge Leon of Rystad Energy said in an analyst note. That’s because “every member country acknowledges the need to reduce output to support prices into 2024.” https://t.co/nQ3CQdChuD
Members of #OPEC+ agreed to make 1m b/d of additional #oil-supply cuts at a meeting on Thursday, delegates said. That reduction comes alongside the much-anticipated extension into next year of Saudi Arabia’s voluntary output curb of the same size. https://t.co/FeYWghyXXr
🔴 IRAQ TO MAKE ADDITIONAL 211K B/D OPEC+ OUTPUT CUT - STATEMENT.
🔴 OPEC+ VOLUNTARY OIL OUTPUT CUTS ANNOUNCED SO FAR TOTAL 2.19 MILLION BPD – CALCULATIONS.
OPEC+'s surprise 1 million barrels a day oil supply cutback fails to convince traders amid a lack of detail about how it will be implemented https://t.co/JCxc34Ai3B
OPEC+'s surprise 1 million barrels a day oil supply cutback fails to convince traders amid a lack of detail about how it will be implemented https://t.co/ebfJayqktz
U.S. crude oil falls more than 2% as skepticism mounts over OPEC cuts https://t.co/MPJCRdAy2d
BREAKING: OPEC+ members have agreed to cut oil output by an additional one million barrels per day
Oil kingpin Saudi Arabia extends its production cut into first quarter as OPEC+ leaves its official policy unchanged https://t.co/1yCo6BIMwX
Oil prices swing as OPEC+ agrees on additional output cuts https://t.co/korEX3QEGR by @ines_ferre
🔴 OMAN TO MAKE ADDITIONAL 42K B/D OIL OUTPUT CUT IN 1Q - MINISTRY.
OPEC+ suppliers struggle to agree on cuts to oil production even as prices tumble https://t.co/grIhtL8o4F
*KUWAIT SAID TO MAKE ADDITIONAL 135K B/D OPEC+ OIL OUTPUT CUT
🔴 KUWAIT SAID TO MAKE ADDITIONAL 135K B/D OPEC+ OIL OUTPUT CUT.
Why Oil Is Tumbling Despite Another OPEC+ Production Cut: Wall Street Reacts https://t.co/Mi5DNzSEFL
OPEC+ agreed to a significant production cut of another million barrels a day, delegates said, in a move that will likely send prices higher https://t.co/NenpiubMwH via @WSJ
🔴 OPEC+ MEETING ENDS - DELEGATE.
🔴 ADDITIONAL OPEC+ CUTS FOR 1Q2024 ARE SET TO BE VOLUNTARY - DELEGATE.
⚠️ JUST IN: *OPEC+ AGREES TO MAKE 1 MILLION BARRELS PER DAY OF ADDITIONAL OIL SUPPLY CUTS $CL_F #OOTT https://t.co/OQ6lhYanB7
*OPEC+ CUTS TO BE ANNOUNCED BY MEMBERS INDIVIDUALLY: DELEGATES
🔴 OPEC+ CUTS TO BE ANNOUNCED BY MEMBERS INDIVIDUALLY - DELEGATES.
Oil prices rise as OPEC+ agrees on additional output cuts https://t.co/Hl828l0IBC by @ines_ferre