The Organization of Petroleum Exporting Countries (OPEC) and its partners, known as OPEC+, extended its oil output reduction for the second quarter of the year on Monday, although the impact on global crude oil prices was little. As OPEC+ members decided to prolong their voluntary 2.2 million barrels per day (mbpd) oil output reduction through … Continue reading Crude Oil Balances At $83 As OPEC+ Extends Output Cuts