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Oil prices drop as Middle East tensions ease, market sentiment shifts to fundamentals and macroeconomics /
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2024-06-02 21:05:35

Oil prices drop as Middle East tensions ease, market sentiment shifts to fundamentals and macroeconomics on Nostr: OPEC+ Extends Production Cuts Through 2025 to Support Weaker Crude Prices ...

OPEC+ Extends Production Cuts Through 2025 to Support Weaker Crude Prices
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#12d86ea3 ver:2.71

#OPEC+ extends production cuts through 2025 to support weaker crude prices. Saudi Arabia and allied countries will maintain production levels, including collective cuts of 2 million barrels per day. The move aims to boost oil prices, fund Saudi Arabia's economic diversification, and support Russia's stability amidst the war with Ukraine. However, uncertainty about future demand remains. #OilPrices #EnergyMarket...

#newstr #Opec #OilProduction #CrudeOil #GlobalOilPrices

https://here.news/story/12d86ea3?ver=2.71
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