Oil Producer Group OPEC+ Surprises Energy Markets With a Small Production Cut
It comes amid a bitter energy dispute between Russia and the West, with many in Europe deeply concerned about the prospect of recession and a winter gas shortage.The OPEC logo on a sign at the group's headquarters in Vienna, Austria.
A group of some of the world's most powerful oil producers on Monday agreed on a small output cut from next month, surprising energy markets at a time of considerable turmoil. OPEC and non-OPEC partners, an influential energy alliance known as OPEC+, decided to cut production targets by about 100,000 barrels per day from October.Download NBC 5 Dallas-Fort Worth
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