The OPEC+ oil alliance is planning a substantial production cut to support falling prices, according to people familiar with the talks, as the group prepares to meet in person for the first time since March 2020. The oil group, which is led by Saudi Arabia and Russia, is expected to discuss a production cut that …
OPEC+ plans substantial cut in oil production to support prices Read More »
Abstract illustration of atoms moving through water and an electrified membrane under a bright sun. 1 credit A team of researchers led by Meenesh Singh from the University of Illinois at Chicago has discovered a way to convert 100% of the carbon dioxide captured by industrial exhaust gases into ethylene, a key component of plastic …
OPEC+ may have to cut its collective oil production targets much further this winter as a recession threatens Europe as it grapples with a severe energy crisis and China shows signs of falling demand of oil. The symbolic reduction of 100,000 barrels per day (bpd) announced this week is largely irrelevant to the equilibrium of …
All eyes are on OPEC+ as oil prices fall below $90 | OilPrice.com Read More »
