News Formal

Oil rises 2%, reverses loses as Opec+ addresses market weakness

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 8 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 51%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

[NEW YORK] Oil prices rose more than 2 per cent on Thursday, turning positive as Opec and its allies said the producer group would crack down on countries that failed to comply with output cuts and planned to hold an extraordinary meeting in October if oil markets weaken further. Read more at The Business Times.

The panel pressed laggards such as Iraq, Nigeria and the United Arab Emirates to cut more barrels to compensate for overproduction in May-July, while extending the compensation period from September to the end of December, according to three Opec+ sources.

The Opec news overshadowed the restart of US offshore production after Hurricane Sally passed through the Gulf of Mexico and bearish US economic news.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 15. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

OPEC+ may hold extraordinary October meeting if oil market worsens - sourceOPEC+ could hold an extraordinary meeting in October if oil markets weaken further, Saudi Energy Minister Prince Abdulaziz bin Salman said on ...
Källa: ChannelNewsAsia - 🏆 6. / 66 Läs mer »