2024 Opec oil production cuts - By Federica Marsi. 7 Oct 2022. A decision by the OPEC+ alliance of oil-exporting countries to sharply cut production and boost crude prices has dealt a blow to consuming nations, prompting ...

 
4 hari yang lalu ... The current OPEC+ committee is made up of the original Organisation of Petroleum Exporting Countries (OPEC), as well as its allies. The original .... Opec oil production cuts

By Federica Marsi. 7 Oct 2022. A decision by the OPEC+ alliance of oil-exporting countries to sharply cut production and boost crude prices has dealt a blow to consuming nations, prompting ...If the $2.7 trillion global crude oil market were a sovereign country, it would be the world's eighth-largest economy, right after France. "Black gold" is the most-traded commodity in the world ...9 Oct 2022. Russia praised OPEC+ on Sunday for agreeing to sharply cut oil production and fight what it called the “mayhem” sown by the United States in global energy markets. The 13-nation ...WHAT IS AGREED ALREADY FOR 2024? OPEC+ at its last meeting in June extended oil output cuts of 3.66 million bpd, amounting to 3.6% of global demand, …VIENNA/LONDON, Oct 5 (Reuters) - OPEC+ agreed steep oil production cuts on Wednesday, curbing supply in an already tight market, causing one of its biggest clashes with the West as the...Apr 3, 2023 · Oil prices notched their biggest gain in nearly a year after OPEC+ announced it was slashing output by 1.16 million barrels per day. Brent crude futures settled higher by 6.31%, at $84.93 a barrel ... In response to the cuts, economists at Goldman Sachs raised the bank’s year-end price forecast for Brent crude by $5 to $95 a barrel on the back of an expected daily …By Federica Marsi. 7 Oct 2022. A decision by the OPEC+ alliance of oil-exporting countries to sharply cut production and boost crude prices has dealt a blow to consuming nations, prompting ...OPEC says it will cut oil production by about 1.7 million barrels per day, which is a little less than 2% of global production. That might not seem like a lot, but energy markets are pretty tight ...OPEC produced an estimated 28.7 million b/d of crude oil in 2022, which was 38% of total world oil production that year. The largest producer and most influential member of OPEC is Saudi Arabia, which was the world’s second-largest oil producer in 2022, after the United States.By Alex Kimani - Dec 03, 2023, 6:00 PM CST. OPEC+ through its cuts has the oil market set up for a small deficit in Q1 2024. ING Bank sees this coming first-quarter deficit as lending some upside ...OPEC and its allies are discussing deepening oil production cuts, possibly by as much as 1 million barrels per day, three sources told Reuters on Friday as oil prices fell towards $70 per barrel ...By Alex Kimani - Dec 03, 2023, 6:00 PM CST. OPEC+ through its cuts has the oil market set up for a small deficit in Q1 2024. ING Bank sees this coming first-quarter deficit as lending some upside ...Saudi Arabia, OPEC cartel's dominant member, will make deep production cuts of 1 million bpd starting from July, as part of a broader output-limiting OPEC+ deal as the group faces flagging oil ...In March 1999, Saudi Arabia, which had accumulated a debt of $130 billion after years of low oil prices, assembled OPEC and non-OPEC producers and engineered a cut in oil production. Consequently ...Apr 7, 2023 · If the $2.7 trillion global crude oil market were a sovereign country, it would be the world's eighth-largest economy, right after France. "Black gold" is the most-traded commodity in the world ... OPEC sticks with supply cuts as West tightens sanctions on Russian oil By Julia Horowitz, CNN Business 2 minute read ... Oil production by Tatneft at the Romashkinskoye field. Genre photography ...Oct 5, 2022 · Oct. 5, 2022. Saudi Arabia and Russia, acting as leaders of the OPEC Plus energy cartel, agreed on Wednesday to their first large production cut in more than two years in a bid to raise prices ... OPEC’s crude oil production from all its member states fell by 836,000 barrels per day (bpd) to 27.31 million bpd in July, due to a 968,000 bpd decline in Saudi output as the Kingdom nearly ...5 Jun 2023 ... The oil cartel, which controls roughly 40% of the world's oil, and its allies reached a deal over the weekend to cut production by around ...2 days OPEC+ Reaches Preliminary Agreement to Deepen Oil Production Cuts 3 days U.S. Investment Firm EIG Closes In on a Multi-Billion-Dollar LNG Acquisition 3 days Vitol to Pay for the Reopening ...Athene Life is a leading provider of innovative insurance products that offer customers a wide range of coverage options. With their cutting-edge technology and customer-centric approach, Athene Life has become one of the most trusted names...Recently, The Organisation of the Petroleum Exporting Countries and its allies (OPEC+) has decided to cut oil production by 2 million barrels per day (bpd). This is the largest cut since the beginning …OPEC’s crude oil production climbed by 113,000 barrels per day in August, pushed higher by Iran and Nigeria – two countries that are exempt from production cuts.10 Mei 2023 ... The cuts consisted of a voluntary reduction of 500,000 barrels per day, made in coordination with both OPEC and non-OPEC oil-producing countries ...5:23. OPEC+ announced a surprise oil production cut of more than 1 million barrels a day, abandoning previous assurances that it would hold supply steady and posing a new risk for the global ...Hong Kong/Atlanta/London CNN — Oil prices spiked Monday after OPEC+ producers unexpectedly announced that they would cut output. Brent crude, the global …Jun 5, 2023 · VIENNA, June 4 (Reuters) - Saudi Arabia will make a deep cut to its output in July on top of a broader OPEC+ deal to limit supply into 2024 as the group seeks to boost flagging oil prices. Saudi's ... Sept. 5, 2022. Officials of OPEC and its major allies agreed on Monday to modestly cut oil production by 100,000 barrels a day, rolling back the increase they approved a month ago. The trim is so ...5 Jun 2023 ... The oil cartel, which controls roughly 40% of the world's oil, and its allies reached a deal over the weekend to cut production by around ...getty. The latest announcement from OPEC+ keeping temporary oil production cuts in place through December 2023 is not what it seems. News outlets and private analysts reporting on prior cuts ...Petrol price rise warning after Opec oil output cut. 5th October 2022, 11:55 PDT. By Natalie Sherman Business reporter, New York. Getty Images. Some of the world's top oil-producing countries have ...Oct 4, 2022 · On Wednesday morning, OPEC+ oil ministers meeting in Vienna agreed to an even larger production cut than the White House had feared — 2 million barrels per day, beginning in November, according ... OPEC+ announced a surprise oil production cut that will exceed 1 million barrels a day, abandoning previous assurances that it would hold supply steady to maintain a stable market. Saudi Arabia ...Saudi Arabia and Russia will extend or make additional cuts to oil production in August, the two most powerful members of Opec+ said on Monday, as they scrambled to boost the price of crude. Saudi ...The United Arab Emirates said it would cut production by 144,000 bpd, Kuwait announced a cut of 128,000 bpd while Oman’s cut will be 40,000 bpd and Algeria’s 48,000 bpd. Kazakhstan will also ...2 days OPEC+ Reaches Preliminary Agreement to Deepen Oil Production Cuts 3 days U.S. Investment Firm EIG Closes In on a Multi-Billion-Dollar LNG Acquisition 3 days Vitol to Pay for the Reopening ...Young Living Essential Oils is a company that has been around for over 25 years, and it is one of the leading providers of essential oils. Young Living Essential Oils offers a wide range of products, from single oils to blends, diffusers, a...The group of major oil-producing countries known as OPEC Plus agreed on Sunday to embark on a complex effort to adjust production as it aimed to halt the recent slide in oil prices, including an ...OPEC+, a group of 23 oil-producing nations led by Saudi Arabia and Russia, will convene on Sunday to decide on the next phase of production policy. The highly anticipated meeting comes ahead of ...OPEC+ announced a surprise oil production cut that will exceed 1 million barrels a day, abandoning previous assurances that it would hold supply steady to maintain a stable market. Saudi Arabia ...OPEC and its allies decided Sunday to stick with their existing policy of curtailing oil output, just hours before new Western sanctions on Russian crude exports come into force. The Organization ...Petrol price rise warning after Opec oil output cut. 5th October 2022, 11:55 PDT. By Natalie Sherman Business reporter, New York. Getty Images. Some of the world's top oil-producing countries have ...In 2020, the price of crude oil crashed because of a lack of buyers, as countries went into lockdown. Opec+ had to boost prices by cutting production dramatically - by more than nine million ...OPEC Plus agreed on Thursday to cut oil production by almost 700,000 barrels a day, less than 1 percent of global supplies, in an effort to prop up prices. …The weak market is pressuring Saudi Arabia, the de facto leader of OPEC Plus, to push to continue and perhaps even deepen production cuts. Saudi Arabia and …The OPEC+ alliance announced Wednesday that it will cut oil production by 2 million barrels a day, a move that's likely to send gas prices higher again after a year of tumult at the pump. In its ...By Irina Slav - Nov 20, 2023, 1:55 AM CST. OPEC+ members are set to meet on Sunday to discuss production policy, and unnamed sources have claimed that the group will be discussing further ...If the $2.7 trillion global crude oil market were a sovereign country, it would be the world's eighth-largest economy, right after France. "Black gold" is the most-traded commodity in the world ...6 Oct 2022. Global oil supply is set to tighten, intensifying concerns over soaring inflation after the OPEC+ group of nations announced its largest supply cut since 2020. The move comes ahead of ...DUBAI, United Arab Emirates (AP) — Saudi Arabia and Russia agreed Tuesday to extend their voluntary oil production cuts through the end of this year, trimming 1.3 million barrels of crude out of the global market and boosting energy prices. The dual announcements from Riyadh and Moscow pushed benchmark Brent crude above $90 a …By Federica Marsi. 7 Oct 2022. A decision by the OPEC+ alliance of oil-exporting countries to sharply cut production and boost crude prices has dealt a blow to consuming nations, prompting ...Oil prices have risen after Saudi Arabia said it would make cuts of a million barrels per day (bpd) in July. Other members of Opec+, a group of oil-producing countries, also agreed to continued ...15 hours ago · A Russian cut in oil exports of 300,000 bpd also lasts until the end of 2023. ... Angola has protested to OPEC about its lower 2024 quota which it says is too low. The following table shows OPEC+ ... 04:34 PM (GMT) OPEC+ has agreed its deepest cuts to oil production since the coronavirus pandemic, curbing supply in an already tight market despite pressure from the United States and others to ...OPEC+, a group of 23 oil-producing nations led by Saudi Arabia and Russia, will convene on Sunday to decide on the next phase of production policy. The highly anticipated meeting comes ahead of ...Automotive repair shops, parts stores and other retail stores are among the primary sources to purchase dexos® motor oil. General Motors repair shops are one source for dexos oil. However, many auto parts stores carry products that meet dex...Oct. 5, 2022. Saudi Arabia and Russia, acting as leaders of the OPEC Plus energy cartel, agreed on Wednesday to their first large production cut in more than two years in a bid to raise prices ...In today’s global economy, the oil industry plays a crucial role in powering various sectors, including transportation, manufacturing, and energy production. As demand for oil continues to rise, so does the significance of the major players...OPEC’s crude oil production climbed by 113,000 barrels per day in August, pushed higher by Iran and Nigeria – two countries that are exempt from production cuts.Saudi Arabia, the dominant producer in the OPEC oil cartel, was one of several members that agreed on a surprise cut of 1.6 million barrels per day in April. The kingdom’s share was 500,000. The ...OPEC sticks with supply cuts as West tightens sanctions on Russian oil By Julia Horowitz, CNN Business 2 minute read ... Oil production by Tatneft at the Romashkinskoye field. Genre photography ...Sep 5, 2022 · London CNN Business —. OPEC said Monday it would reduce oil production next month, the cartel’s first output cut since the depths of the pandemic, as it braces for a global economic slowdown ... Topline. Global oil prices surged early on Monday, after markets were surprised by the announcement of an unexpected cut to crude output by the oil-exporting OPEC+ group of nations a day earlier ...OPEC and its allies are unlikely to deepen supply cuts at their ministerial meeting on Sunday despite a fall in oil prices toward $70 per barrel, four sources from the alliance told Reuters.If the $2.7 trillion global crude oil market were a sovereign country, it would be the world's eighth-largest economy, right after France. "Black gold" is the most-traded commodity in the world ...OPEC’s crude oil production climbed by 113,000 barrels per day in August, pushed higher by Iran and Nigeria – two countries that are exempt from production cuts.2 Apr 2023 ... The Saudi Energy Ministry said its own reduction of 500,000 barrels per day would be made in coordination with some OPEC and non-OPEC members, ...The Opec+ oil alliance is planning a substantial cut in production to prop up falling prices, according to people close to the discussions, as the group prepares to meet in person for the first ...Oil inventories in major economies are lower than when OPEC has cut output in the past. Some analysts have said that recent volatility in crude markets could be remedied by a cut that would help ...Opec+ members have agreed to make additional voluntary cuts to oil production in 2024 in an increasingly fraught attempt to bolster the market, but crude prices fell due to signs of ongoing...In a rebuke to the West, OPEC and Russia agree to a big cut in oil production. Led by Saudi Arabia, the oil cartel OPEC Plus pledged to reduce output by two million barrels a day. Biden releases ...The hope may be that funds re-enter the market now Opec+ has demonstrated its willingness to act. “The announced cut would further tighten an already fundamentally tight oil market, driving the ...OPEC’s crude oil production climbed by 113,000 barrels per day in August, pushed higher by Iran and Nigeria – two countries that are exempt from production cuts.Grant Smith, Salma El Wardany and Fiona MacDonald. (Bloomberg) -- OPEC+ meets on Thursday as the group seeks to resolve a deadlock on oil quotas and considers further production cuts to shore up ...The group of major oil-producing countries known as OPEC Plus agreed on Sunday to embark on a complex effort to adjust production as it aimed to halt the recent slide in oil prices, including an ...Jun 5, 2023 · In 2020, the price of crude oil crashed because of a lack of buyers, as countries went into lockdown. Opec+ had to boost prices by cutting production dramatically - by more than nine million ... Saudi Arabia and other OPEC+ oil producers on Sunday announced further oil output cuts of around 1.16 million barrels per day. ... Top OPEC producer Saudi Arabia said it would cut output by ...In today’s fast-paced digital world, having cutting-edge technology at your fingertips is crucial. When it comes to top-of-the-line products, MSI is a brand that stands out from the crowd.OPEC+ agreed in the spring of 2020 to cumulatively cut a historic nearly 10 million barrels per day of crude production as it faced a pandemic-induced crash in oil prices. The alliance gradually ...3 Apr 2023 ... Gas prices soared to an average of $5.02 in June of 2022, stoked by the war in Ukraine, with prices at the pump in California soaring well above ...Opec+ members have agreed to make additional voluntary cuts to oil production in 2024 in an increasingly fraught attempt to bolster the market, but crude …Apr 3, 2023 · Experts weigh in. The alliance agreed to cut oil output by 1.2 million barrels per day. A group of oil-producing nations imposed a significant cut in oil output with far-reaching consequences for ... By Michael Kern - Feb 02, 2023, 10:30 AM CST. OPEC’s crude oil production fell in January by around 60,000 barrels per day (bpd) due to cuts by top producer Saudi Arabia which may have been ...Here's why OPEC's production cuts haven't boosted the price of oil Phil Rosen Andrew Burton/Getty Images Oil prices moved lower on Monday for the third consecutive session even as OPEC+...“OPEC’s decision to cut production is not good news for American families and business who are already struggling with record high inflation, and it reinforces the need for American energy in ...London CNN Business —. OPEC said Monday it would reduce oil production next month, the cartel’s first output cut since the depths of the pandemic, as it braces for a global economic slowdown ...OPEC announces cuts to oil production 00:17 Oil prices soared nearly 6% on Monday after Saudi Arabia and other major oil producers said they will cut production by 1.15 million barrels per day ...The organization has since expanded to 13 members. OPEC regularly meets to set oil production targets and coordinate output to help manage global oil prices for the entire group. In 2016, ... 2023, OPEC+ members agreed to cut oil production by 1.2 million b/d until the end of 2023, which is in addition to production cuts already in place. This ...getty. The latest announcement from OPEC+ keeping temporary oil production cuts in place through December 2023 is not what it seems. News outlets and private analysts reporting on prior cuts ...The Vienna-based cartel said it was standing by its earlier forecast that demand for crude oil is expected to rise by 2.3 million barrels a day this year. That means OPEC’s own analysts appear ...Opec oil production cuts

WASHINGTON, Oct 14 (Reuters) - Saudi Arabia pushed other OPEC+ nations into an output cut last week, the White House claimed on Thursday, part of an escalating war of words between the two countries.. Opec oil production cuts

opec oil production cuts

Nov 30, 2023 · The OPEC oil cartel led by Saudi Arabia and allied producers including Russia will try to agree Thursday, Nov. 30, 2023 on cuts to the amount of crude they send to the world, with prices having ... Opec+ members have agreed to make additional voluntary cuts to oil production in 2024 in an increasingly fraught attempt to bolster the market, but crude …At its last meeting in September, OPEC+ reduced the amount of oil it produces by 100,000 barrels a day in October. That token cut didn't do much to boost lower oil prices, but it put markets on ...The coalition of oil-producing nations led by Saudi Arabia and Russia moved to blunt falling prices Thursday with plans for a fresh 1 million barrel cut to daily production, in addition to an ...OPEC+ is looking at deepening oil production cuts despite its policy meeting being postponed to this Thursday amid a quota disagreement between some producers, an OPEC+ source said on Monday.Oct 5, 2022 · The OPEC+ alliance announced Wednesday that it will cut oil production by 2 million barrels a day, a move that's likely to send gas prices higher again after a year of tumult at the pump. In its ... Oil prices have risen after Saudi Arabia said it would make cuts of a million barrels per day (bpd) in July. Other members of Opec+, a group of oil-producing countries, also agreed to continued ...Mon 3 Apr 2023 11.05 EDT. First published on Mon 3 Apr 2023 03.32 EDT. The oil price surged to near $86 a barrel after the world’s largest producers announced a surprise cut in production , a ...The total curbs amount to 2.2 million bpd from eight producers, OPEC said in a statement. Included in this figure, is an extension of the Saudi and Russian voluntary cuts of 1.3 million bpd.Apr 3, 2023 · Mon 3 Apr 2023 11.05 EDT. First published on Mon 3 Apr 2023 03.32 EDT. The oil price surged to near $86 a barrel after the world’s largest producers announced a surprise cut in production , a ... In 2020, the price of crude oil crashed because of a lack of buyers, as countries went into lockdown. Opec+ had to boost prices by cutting production dramatically - by more than nine million ...Nov 30, 2023 · Opec+ members have agreed to make additional voluntary cuts to oil production in 2024 in an increasingly fraught attempt to bolster the market, but crude prices fell due to signs of ongoing... LONDON, Oct 5 (Reuters) - OPEC+ key ministers, known as the joint ministerial monitoring committee, has agreed oil production cuts of 2 million barrels per day, three OPEC+ sources said.LONDON, Sept 13 (Reuters) - Oil output cuts which Saudi Arabia and Russia have extended to the end of 2023 will mean a substantial market deficit …VIENNA/LONDON, Oct 5 (Reuters) - OPEC+ agreed steep oil production cuts on Wednesday, curbing supply in an already tight market, causing one of its biggest clashes with the West as the U.S...The Opec+ group of oil-producing countries has reached an agreement to extend output cuts into next year, in the face of flagging prices and a looming supply glut. The oil cartel reportedly agreed ...The Vienna-based cartel said it was standing by its earlier forecast that demand for crude oil is expected to rise by 2.3 million barrels a day this year. That means OPEC’s own analysts appear ...The group of major oil-producing countries known as OPEC Plus agreed on Sunday to embark on a complex effort to adjust production as it aimed to halt the recent slide in oil prices, including an ...Outlook Web Desk. Updated: 08 Oct 2022 5:15 pm. The oil producers cartel OPEC+ on Wednesday announced that it would reduce oil production by 2 million barrels per day. For context, 2 million ...Apr 3, 2023 · LONDON, April 3 (Reuters) - OPEC and its allies, including Russia, agreed on Sunday to widen crude oil production cuts to 3.66 million barrels per day (bpd) or 3.7% of global demand. The... OPEC+ is looking at deepening oil production cuts despite its policy meeting being postponed to this Thursday amid a quota disagreement between some producers, an OPEC+ source said on Monday.The oil producers will cut output by 100,000 barrels per day (bpd), amounting to only 0.1% of global demand, for October. They also agreed that OPEC's leader Saudi Arabia could call an ...OPEC’s crude oil production climbed by 113,000 barrels per day in August, pushed higher by Iran and Nigeria – two countries that are exempt from production cuts.Nov 30, 2023 · Saudi Arabia, the world’s biggest exporter of crude oil, will extend a voluntary production cut of 1 million barrels per day of oil — previously intended to run till the end of December — by ... Opec+ members have agreed to make additional voluntary cuts to oil production in 2024 in an increasingly fraught attempt to bolster the market, but crude prices fell due to signs of ongoing...LONDON, Oct 5 (Reuters) - OPEC+ key ministers, known as the joint ministerial monitoring committee, has agreed oil production cuts of 2 million barrels per day, three OPEC+ sources said.In June 2023, OPEC+ members announced they would extend crude oil production cuts through 2024, limiting global crude oil supplies, particularly sour crude oils. On top of the OPEC+ production cuts, Saudi Arabia announced it would reduce crude oil production by an additional 1 million barrels per day (b/d) for July.Oil prices rose following OPEC kingpin Saudi Arabia's decision to cut production by another million barrels per day. ... made no changes to its planned oil production cuts for the rest of the year ...Nov 30, 2023 · Several OPEC+ countries agreed to voluntarily cut oil production by a total of 2.2 million barrels per day in the first quarter of 2024, the oil producing group announced Thursday. Saudi Arabia ... The weak market is pressuring Saudi Arabia, the de facto leader of OPEC Plus, to push to continue and perhaps even deepen production cuts. Saudi Arabia and Russia, for instance, may roll over into ...OPEC says it will cut oil production by about 1.7 million barrels per day, which is a little less than 2% of global production. That might not seem like a lot, but energy markets are pretty tight ...OPEC announces cuts to oil production 00:17. Oil markets shuddered after a surprise announcement this weekend that Saudi Arabia and other oil-producing countries would cut their output of crude ...London CNN Business —. OPEC said Monday it would reduce oil production next month, the cartel’s first output cut since the depths of the pandemic, as it braces for a global economic slowdown ...OPEC sticks with supply cuts as West tightens sanctions on Russian oil By Julia Horowitz, CNN Business 2 minute read ... Oil production by Tatneft at the Romashkinskoye field. Genre photography ...Apr 2, 2023 · Oil prices spiked Monday after OPEC+ producers unexpectedly announced that they would cut output. Brent crude, the global benchmark, jumped 5.31% to $84.13 a barrel, while WTI, the US benchmark ... Saudi Arabia now says it will cut oil production by another half a million barrels a day. Meanwhile, Iraq will slash production by 211,000 barrels per day, and the United Arab Emirates will ...OPEC+ agreed on a broad deal to limit supply into 2024 at its last policy meeting in June, and Saudi Arabia pledged a voluntary production cut for July that it extended to include August.Apr 7, 2023 · If the $2.7 trillion global crude oil market were a sovereign country, it would be the world's eighth-largest economy, right after France. "Black gold" is the most-traded commodity in the world ... Oct 4, 2022 · On Wednesday morning, OPEC+ oil ministers meeting in Vienna agreed to an even larger production cut than the White House had feared — 2 million barrels per day, beginning in November, according ... LightRocket via Getty Images. OPEC is mulling an oil production cut of more than 1 million barrels per day, per Reuters. The decision is likely to be made during an October 5 OPEC Plus meeting in ... Apr 2, 2023 · Oil prices spiked Monday after OPEC+ producers unexpectedly announced that they would cut output. Brent crude, the global benchmark, jumped 5.31% to $84.13 a barrel, while WTI, the US benchmark ... OPEC+ agreed on a broad deal to limit supply into 2024 at its last policy meeting in June, and Saudi Arabia pledged a voluntary production cut for July that it extended to include August.Saudi Arabia prepares to prolong reductions into spring after price hits four-month low of $77Here's why OPEC's production cuts haven't boosted the price of oil Phil Rosen Andrew Burton/Getty Images Oil prices moved lower on Monday for the third consecutive session even as OPEC+... Phil Rosen. Andrew Burton/Getty Images. Oil prices moved lower on Monday for the third consecutive session even as OPEC+ cut production. The outlook for global oil demand …17 Okt 2023 ... As part of the Organization of Petroleum Exporting Countries Plus (OPEC+) grouping, these two countries have decided to extend aggregate ...Saudi Arabia, OPEC cartel's dominant member, will make deep production cuts of 1 million bpd starting from July, as part of a broader output-limiting OPEC+ deal as the group faces flagging oil ...Saudi Arabia and other OPEC+ oil producers on Sunday announced further oil output cuts of around 1.16 million barrels per day, in a surprise move that analysts …. Best dispensary pos system