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Image Embedded OPEC plus To Cut Oil Output By As Much As 1.5 Million B/D On Wendesday To Reverse Price Drop
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OPEC plus To Cut Oil Output By As Much As 1.5 Million B/D On Wendesday To Reverse Price Drop

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OPEC+ To Cut Oil Output By As Much As 1.5 Million B/D On Wendesday To Reverse Price Drop

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The latest option under consideration is 1.5 million b/d, which with the end of the SPR's daily 1mmb/d drain, means that oil output is about to be cut by over 2 million b/d, sending the price of oil soaring.

SUN OCT 2, AT 3:01 PM

 

 
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