Oil Producers

Oil producers to increase output in January despite Omicron jitters

by News Hour Correspondent - Dec 3, 2021

Despite the Omicron coronavirus type generating new worries about demand, major oil producers voted on Thursday to resume hiking output levels in January. So far, the OPEC+ coalition, led by Saudi Arabia and Russia, has rejected...
Oil producers intend to cut production by between 10 and 15 million barrels per day

by News Hour Correspondent - Apr 9, 2020

Top oil producers meeting later on Thursday intend to cut production by between 10 and 15 million barrels per day, Kuwait’s Oil Minister Khaled al-Fadhel reportedly said. The talks between OPEC and other major producers come...

Oil producers to increase output in January despite Omicron jitters