Grant Smith and Julian Lee
Business, Fuel
A pump jack operates in an oil field in Midland, Texas, on July 29. (Tony Gutierrez/Associated Press)
OPEC Production Plunges as Saudis Deliver Extra Oil Cutbacks
A pump jack operates in an oil field in Midland, Texas, on July 29. (Tony Gutierrez/Associated Press)
OPEC’s crude production plunged in February as Saudi Arabia delivered extra cutbacks intended to clear the remnants of a global supply glut.
March 2, 2021
Government, Business, Fuel, Logistics
Flames burn off an oil processing facility in Saudi Arabia in October 2018. (Simon Dawson/Bloomberg News)
OPEC Cuts Output to Lowest Since 1991 as Virus Slams Oil Demand
Flames burn off an oil processing facility in Saudi Arabia in October 2018. (Simon Dawson/Bloomberg News)
OPEC slashed oil production to the lowest level since the Gulf War in 1991, as it escalated efforts to revive global markets just as a resurgence of the coronavirus is threatening demand again.
July 1, 2020