OPEC+ Extends Collective Crude Production Cuts Into 2025

OPEC+, a group of 23 oil-producing nations led by Saudi Arabia and Russia, will convene on Sunday to decide on the next phase of production policy.

OPEC+ Extends Crude Oil Production Cuts: What It Means for the Global Market The Organization of the Petroleum Exporting Countries and its allies, collectively known as OPEC+, announced on Sunday their decision to extend the official crude output agreement into 2025. This move is aimed at stabilizing the global oil market amid fluctuating demand and … Read more