Summary: OPEC+ countries agreed to significant oil production cuts, influencing global energy markets and prices.
Start: 2022-10-05 • Status: resolved
Timeline
- Oct 5, 2022 — OPEC+ agreed to cut oil production by two million barrels per day. source
- Oct 6, 2022 — The United States criticized the decision and warned about market impacts. source
- Apr 2, 2023 — Several OPEC+ members announced additional voluntary production cuts. source
- Jan 1, 2024 — Oil production coordination among OPEC+ members continued amid global market fluctuations. source