Petrol price rise warning after OPEC oil output cut

[ad_1] Image Source: Forbes In a move anticipated to push prices globally, some major oil-producing nations have decided to reduce the quantity of oil they export. Saudi Arabia and Russia are part of the Opec+ group, which said that it would reduce output by two million barrels per day. The organization claimed it wished to […]

OPEC agrees to produce slightly more oil

[ad_1] Image Source: TASS The nations that export oil have decided to raise production next month out of concern that a global recession will reduce demand. The Organization of the Petroleum Exporting Countries (OPEC+), usually known as OPEC, announced on Wednesday that it would increase its daily production by 100,000 barrels in September. OPEC+’s allies […]