Production cuts

At Saudi’s Urging, OPEC-Plus Holds the Line on Oil Production

At Saudi’s Urging, OPEC-Plus Holds the Line on Oil Production

Members of the Organization of the Petroleum Exporting Countries and its allies, aka OPEC-plus, agreed on Thursday to hold the line on oil production in April. The alliance was following the lead of Saudi Arabia energy ministers who argued to keep output steady as producers gauge the success of coronavirus vaccines and the potential for…

March 4, 2021