Connect with us

Hi, what are you looking for?

World

OPEC decides against cutting oil output

AFP

Published

-

The Organization of the Petroleum Exporting Countries has decided against cutting its oil output to lift prices, its president and Nigerian oil minister Emmanuel Ibe Kachikwu said following a meeting here Friday.

OPEC, whose members from the Middle East, Africa and Latin America together pump out more than one third of world oil, is currently producing above its official target of 30 million barrels per day.

The Organization of the Petroleum Exporting Countries has decided against cutting its oil output to lift prices, its president and Nigerian oil minister Emmanuel Ibe Kachikwu said following a meeting here Friday.

OPEC, whose members from the Middle East, Africa and Latin America together pump out more than one third of world oil, is currently producing above its official target of 30 million barrels per day.

In this article:Commodities, Decision, Oil, Price
AFP
Written By

With 2,400 staff representing 100 different nationalities, AFP covers the world as a leading global news agency. AFP provides fast, comprehensive and verified coverage of the issues affecting our daily lives.

You may also like:

People look through plastic and other debris washed ashore at a beach on Indonesia's resort island of Bali People look through plastic and other debris washed ashore at a beach on Indonesia's resort island of Bali

World

Indigenous groups call for health protections in plastic deal

Pamela Miller, executive director of the NGO Alaska Community Action on Toxics (ACAT) warned of a "public health crisis."

17 hours ago
Candace Cameron Bure and Cameron Mathison Candace Cameron Bure and Cameron Mathison

Entertainment

Review: Candace Cameron Bure and Cameron Mathison star in their new Great American Family film

Candace Cameron Bure and Cameron Mathison star in their new Great American Family film "Home Sweet Christmas," which premieres on Sunday, December 1st.

19 hours ago
Australian legislation could force social media firms to take steps to prevent those under 16 years of age from accessing platforms such as X, TikTok, Facebook and Instagram Australian legislation could force social media firms to take steps to prevent those under 16 years of age from accessing platforms such as X, TikTok, Facebook and Instagram

Social Media

Op-Ed: The Australian social media ban isn’t cosmetic. What about your own kids?

Meanwhile, world, what are you doing about protecting your kids?

11 hours ago
VW has been hit hard by high manufacturing costs at home, a stuttering shift to electric vehicles and tough competition in key market China VW has been hit hard by high manufacturing costs at home, a stuttering shift to electric vehicles and tough competition in key market China

Business

VW’s German workers to strike from Monday

Workers at German factories for carmaker Volkswagen are to go on strike from Monday over plans to cut thousands of jobs.

22 hours ago