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Hussein Faleh/AFP/Getty Images. The Organization of the Petroleum Exporting Countries and its allies — a group of leading oil producers known as OPEC+ — agreed Sunday to extend a voluntary ...
The OPEC oil cartel led by Saudi Arabia and allied producers including Russia made another big swipe at propping up lagging crude prices Thursday, expanding some output cuts into next year and ...
Oil slides after OPEC+ detailed the unwinding of its production cut plan going into 2025. Wall Street had expected cuts to be extended through the end of the year. Oil falls 3% on OPEC production ...
McAfee Internet Security Suite – Special Edition from AOL is our most comprehensive security suite, including firewall protection and our maximum defense against viruses, spyware and other security threats. This service normally costs $80 annually, but you get it at no additional charge as part of your membership when you are on an eligible plan.
March 23: In an effort to raise oil prices, which fell sharply in late 1997 and stayed low through 1998 and into early 1999, OPEC and non-OPEC countries agree to cut oil output by a combined 2.104 million barrels per day (334,500 m 3 /d), effective April 1, 1999, for one year. OPEC members have pledged to cut 1.716 million barrels per day ...
2016. On January 6, 2016, the price of WTI crude hit another eleven-year low, as it dropped to 32.53 a barrel for the first time since 2009. [85] On January 12, in its seventh losing day, crude oil dropped below $30 for the first time since December 2003, ending the day at $30.44, as gas fell below $1.97. [86]
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