Sentences with phrase «curb oil output»
OPEC's ministerial committee tasked with monitoring a deal with non-OPEC countries led by Russia to curb oil output by 1.8 million barrels per day until the end of this year Continue Reading
http://news.peak-oil.org/ Not exact matches
* Oil prices edged higher, a day after OPEC and other major producers agreed to extend output curbs until the end of 2018.
During a major industry gathering in Houston this week Ali al - Naimi, Saudi Arabia's oil minister, ruled out the possibility of cutting output, damping hopes of more aggressive action to curb a glut estimated by some traders to be as large as 2m b / d.
But in a major shift away from the previous Saudi - led policy of maintaining production to squeeze high - cost US shale - oil producers, OPEC countries agreed to target a lower level of 32.5 — 33.0 million barrels a day, although there was some skepticism about the absence of details on which members would curb output and by how much, which were delayed until the next meeting in November.
The oil helps to curb the output of insulin to halt fat storage and prevent uncontrolled blood sugar swings that result in cravings and chronic fatigue.
The forecast for stronger output comes as global oil prices topped $ 65 a barrel on Tuesday, the strongest since June 2015, driven by continued supply curbs from OPEC and an outage on a key North Sea pipeline.