14 March
Prices for oil grow ahead of the OPEC+ meeting
The cost of oil has increased, as members of OPEC + decided on Wednesday to cut the production of this energy source. Sources say that production cuts in individual oil-exporting countries will be the largest since the start of the pandemic.
According to the senior analyst of OANDA Edward Moya, the countries of OPEC + will make every effort to support the oil prices. Bank Goldman Sachs reports that the decline in oil production was related to a sharp reduction in prices after a recent high.
However, analysts at CMC Markets fear that worries about the state of the global economy will limit growth as investors also plan to make a profit.
Recommended
14 March
14 March
14 March
Reuters expects Saudi Arabia's oil supplies to China to decline in April
14 March
CERAWeek: use of AI will lead to faster and cheaper oil production
14 March
Top news
14 March
14 March
14 March
14 March