Tag: Markets
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Saudi Arabia and 7 OPEC + countries surprise the markets with an additional reduction in oil production
The Kingdom of Saudi Arabia and several countries in the OPEC + coalition announced an additional voluntary reduction in oil production – amounting to 1.649 million barrels per day – starting from next May until the end of 2023. Today, Sunday, April 2, 2023, an official source in the Saudi Ministry of Energy stated that…
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Features of the global oil and gas markets during 2024 (report)
Read in this article Global oil production may rise to a record level in 2024. Higher oil production than consumption may drop crude prices. Growth in global oil demand may exceed 1.7 million barrels per day. Expectations of a decline in gasoline and diesel prices in the United States during 2024. Natural gas production in…
