Oil stocks slid Wednesday following a report that said the Organization of the Petroleum Exporting Countries and its allies, or OPEC+, was weighing a boost to oil production. The organization could begin to unwind a second layer of output cuts of about 1.65 million barrels per day more than a year ahead of schedule, Reuters reported, citing two people familiar with the matter. This figure represents about 1.6% of world demand.
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APA and Occidental Petroleum Stocks Tumble on Report OPEC+ Could Boost Oil Production
Published 2 months ago
Sep 3, 2025 at 4:30 PM
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