NewsBot
05-Jun-23, 10:00
The Caithness Business Index (http://www.caithness-business.co.uk) has posted the following article:
OPEC Oil Production Reduction Likely To Send Fuel Prices Up Again
Saudi Arabia and other Opec+ members have announced voluntary cuts to their oil production of about 1.15m barrels a day in a surprise move they said was aimed at supporting market stability. OPEC observers also say the group needs nominal oil prices to be higher because of money printing by the West in recent years has lowered the value of the U.S. [Read Full Article (https://caithness-business.co.uk/article/20393)]
OPEC Oil Production Reduction Likely To Send Fuel Prices Up Again
Saudi Arabia and other Opec+ members have announced voluntary cuts to their oil production of about 1.15m barrels a day in a surprise move they said was aimed at supporting market stability. OPEC observers also say the group needs nominal oil prices to be higher because of money printing by the West in recent years has lowered the value of the U.S. [Read Full Article (https://caithness-business.co.uk/article/20393)]