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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    OPEC+ group begins meeting online

    Rocky
    Rocky
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    OPEC+ group begins meeting online Empty OPEC+ group begins meeting online

    Post by Rocky Thu 05 Dec 2024, 6:29 am

    OPEC+ group begins meeting online

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    Economy News - Follow-up
    [rtl]Reuters quoted sources as saying that the OPEC+ group began its meeting online today, Thursday.[/rtl]
    [rtl]OPEC+ sources told Reuters the alliance is likely to extend the latest round of oil output cuts by at least three months from January when it meets online at 11:00 GMT on Thursday to provide additional support to the oil market.[/rtl]
    [rtl]OPEC+, which pumps about half the world's oil, aims to gradually end production cuts in 2025.[/rtl]
    [rtl]“Market participants are closely watching to see whether OPEC+ will focus on supporting prices by extending production cuts, or choose to defend its share of the global crude oil market by easing those cuts,” said Satoru Yoshida, a commodities analyst at Rakuten Securities.[/rtl]
    [rtl]He added that "the OPEC+ decision may provoke a short-term reaction, but the oil market is likely to rise by the end of the year amid expectations of a recovery in the US economy under the Trump administration and ongoing tensions in the Middle East."[/rtl]




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