Oil prices drop as Middle East tensions ease, market sentiment shifts to fundamentals and macroeconomics on Nostr: OPEC+ Extends Major Oil Production Cuts Until 2025 to Stabilize Market ...
OPEC+ Extends Major Oil Production Cuts Until 2025 to Stabilize Market
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#12d86ea3 ver:2.75
#OPEC+ extends major oil production cuts until 2025 to stabilize market. Saudi Arabia and allied countries will maintain production levels, supporting higher oil prices. The move aims to fund Saudi Arabia's economic diversification and Russia's stability amid the Ukraine conflict. Oil prices remain stagnant due to higher interest rates, slower economic growth, and rising non-OPEC supply. US demand reduction and unexpected increase in inventories also impact prices. The extension of cuts will affect US motorists and European gas prices. #OilPrices #EnergyMarket...
#newstr #Opec #OilProduction #MarketStabilization
https://here.news/story/12d86ea3?ver=2.75Published at
2024-06-03 07:07:53Event JSON
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"content": "OPEC+ Extends Major Oil Production Cuts Until 2025 to Stabilize Market\n===============\t\n#12d86ea3 ver:2.75\n\n#OPEC+ extends major oil production cuts until 2025 to stabilize market. Saudi Arabia and allied countries will maintain production levels, supporting higher oil prices. The move aims to fund Saudi Arabia's economic diversification and Russia's stability amid the Ukraine conflict. Oil prices remain stagnant due to higher interest rates, slower economic growth, and rising non-OPEC supply. US demand reduction and unexpected increase in inventories also impact prices. The extension of cuts will affect US motorists and European gas prices. #OilPrices #EnergyMarket...\n\n#newstr #Opec #OilProduction #MarketStabilization \n\n https://here.news/story/12d86ea3?ver=2.75",
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