8 OPEC+ members extend voluntary oil output cuts by one month ...Middle East

VIENNA: Eight member countries of the OPEC+ oil-producing group anounced on Sunday to further extend their voluntary output cuts by a month, pushing the reductions through the end of December in response to ongoing weak oil prices, reported Xinhua.OPEC+ comprises the Organisation of the Petroleum Exporting Countries (OPEC) and its allies. The eight countries participating in these cuts are Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria and Oman.In a statement, OPEC confirmed that these countries have “agreed to extend the November 2023 voluntary production adjustments of 2.2 million barrels per day for one month until the end of December 2024”.The countries

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8 OPEC+ members extend voluntary oil output cuts by one month ...Middle East

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