Skip to main content

OPEC+ To Meet On October 5 To Discuss Production Cuts

Reuters: OPEC+ has begun talks on output cut at Oct. 5 meeting - OPEC source 

DUBAI, Sept 29 (Reuters) - Leading OPEC+ members have begun discussions about an oil output cut at the group's next meeting on Oct. 5, three sources told Reuters. 

 One OPEC source told Reuters a cut was "likely", while two other OPEC+ sources said key members had spoken about the topic. 

A source familiar with Russian thinking told Reuters earlier this week that Moscow could suggest a cut of up to 1 million barrels per day (bpd). The latest comments suggest that key OPEC members have started communicating over the matter, although the volume of any potential cut is still unclear. 

Next week's meeting takes place against a backdrop of falling oil prices from multi-year highs hit in March, and severe market volatility.  

Read more ....  

WNU Editor: My gut tells me that there will be a push at this OPEC+ meeting to cut production that will deliberately and significantly raise oil and gas prices to impact the US midterm elections, while bleeding the US strategic oil reserves at the same time. 

OPEC+ To Meet On October 5 To Discuss Production Cuts  

OPEC+ Is Considering A Substantial Oil Production Cut -- OilPrice.com  

Russia seen suggesting OPEC+ cuts oil output by 1 million bpd - source -- Reuters  

Crude Rallies on Reports Russia Will Push for OPEC+ to Cut Output -- Barchart  

How OPEC+ Could Send Oil Prices Soaring Again -- OilPrice.com



from War News Updates https://ift.tt/IyMmTip
via IFTTT
Labels:

Comments

Post a Comment

Popular posts from this blog

US-built first Saudi MMSC frigate HMS Saud launched at Fincantieri’s shipyard

According to information published by the Saudi Ministry of Defense on December 18, 2025, the first Multi-Mission Surface Combatant frigate constructed in the United States for the Royal Saudi Navy has been officially launched at Fincantieri Marinette Marine’s shipyard in Marinette, Wisconsin. The ship, designated HMS Saud with pennant number 820 and also known as Jalalat Al-Malik Saud in honor of King Saud, is the lead vessel in a four-ship program ordered under Project Tuwaiq through the U.S. Foreign Military Sales framework, a deal that defense officials have repeatedly described as a cornerstone of bilateral naval cooperation. Read more.   The HMS Saud (820) has an overall length of approximately 118 meters, in some sources detailed as 118.6 meters, with a beam of 17.6 meters, a draft of about 4.3 meters, and a full-load displacement estimated at roughly 3,600 tonnes. (Picture source: Saudi MoD) Read full Defense news.  from World Defence News https://ift....
Post a Comment
Read more

U.S. Army Conducts Gunnery Exercise With Latest Air Defense System Sgt Stout.

U.S. Army officials confirmed that a live gunnery exercise at Fort Hood, Texas, is underway, featuring the latest-generation Sgt Stout short-range air defense system. The drills mark a significant step toward full operational integration as units across the force adapt to evolving threats from drones, rotary-wing aircraft, and low-flying munitions. It matters because Sgt. Stout enhances the Army’s ability to defend forward-deployed troops and critical infrastructure from modern aerial threats. Read full Defense News at this link ... A U.S. Army SGT Stout SHORAD air defense vehicle maneuvers into firing position during live-fire training with the 6th Battalion, 56th Air Defense Artillery Regiment at Fort Hood, Texas, on October 3, 2025. (Picture source: U.S. Department of War) Read More from World Defence News https://ift.tt/NYmsS1n via IFTTT
Post a Comment
Read more

Bath Iron Works starts building new Arleigh Burke-class Flight III destroyer USS J. William Middendorf

General Dynamics Bath Iron Works has started construction of the future USS J. William Middendorf (DDG 138), a Flight III Arleigh Burke-class destroyer that will strengthen the U.S. Navy’s missile-defense and escort capacity during sustained operations in the Red Sea, Eastern Mediterranean, and Indo-Pacific. The ceremonial first steel cut took place in Maine on May 19, 2026, as the Navy continues relying on Flight III destroyers equipped with the SPY-6 radar and Aegis Baseline 10 combat system to replace the air defense and command role of retiring Ticonderoga-class cruisers ahead of the future DDG(X) program.  Read full defense news at this link... USS J. William Middendorf belongs to the Flight III configuration that began with USS Jack H. Lucas (DDG 125), the first Flight III destroyer commissioned in October 2023. (Picture source: US Navy) Read more... from World Defence News https://ift.tt/tSRkVWI via IFTTT
Post a Comment
Read more