Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
News
All NewsCompaniesIndexesCurrency / ForexCommoditiesCryptocurrenciesETFInterest RatesEconomyThemesSectors 

OPEC+ discusses oil output cuts in excess of 1 mln bpd, says source

10/03/2022 | 06:46am EST

LONDON, Oct 3 (Reuters) - The OPEC+ group of oil producers is discussing potential output cuts of more than 1 million barrels per day (bpd), an OPEC source said, excluding any voluntary cuts by individual members.

The Organization of the Petroleum Exporting Countries (OPEC)and allies, known collectively as OPEC+, holds their first in-person meeting since 2020 in Vienna on Wednesday to set output policy.

"It may be as significant as the April 2020 meeting," the source said, referring to when OPEC+ agreed record supply cuts as the COVID-19 pandemic hit demand. (Reporting by Reuters Editing by David Goodman)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BRENT OIL -2.57% 81.25 Delayed Quote.9.14%
WTI -2.66% 74.024 Delayed Quote.3.43%
Latest news "Economy"
05:33pUK Prime Minister Sunak vows to maintain military aid to Ukraine
RE
05:19pUkraine sees less than 3 million tonnes of grain leaving in November - minister
RE
05:13pBBC says Chinese police assaulted journalist covering protest
RE
04:56pMarketmind: China crisis brewing
RE
04:48pMexican president says economy should grow at least 3.5% through 2024
RE
04:36pRussia planning new strikes, says Ukraine's Zelenskiy
RE
04:11pKyiv mayor trades verbal jabs with Ukraine president and allies
RE
03:32p25 Ukrainian soldiers hospitalised after bus crash in Latvia
RE
02:59pClashes in Shanghai as COVID protests flare
RE
02:43pCiti Mexico suitor Mifel enlists Apollo, ADIA to fund bid -sources
RE
Latest news "Economy"