Sunday, July 27, 2025
OPEC members Iraq, Nigeria agree to cut oil output - Oil and Gas 360

OPEC members Iraq, Nigeria agree to cut oil output

From Reuters OPEC agreed on Thursday to trim oil output by asking over-producing members Iraq and Nigeria to bring production in line with their targets as the group strives to prevent a glut amid soaring U.S. production and a slowing global economy. Oil prices LCOc1 have dropped below $60 per barrel in recent weeks from their 2019 peaks of $75