Saudi Arabia and allied oil producing countries said on Sunday they would postpone a plan to gradually increase oil output until the end of the year, extending their output cuts by one month. No reason was given for the move, which comes ahead of the U.S. presidential election on Tuesday. In June, OPEC said 2.2 million barrels a day in voluntary cuts were extended until September but would then be gradually reduced month by month until they are …

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OPEC extends its oil output cuts by one month until the end of December

Saudi Arabia and allied oil producing countries say they will postpone a plan to gradually increase oil output until the end of the year. The group extended output cuts by one month. No reason was given for the move on…

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Saudi Arabia and allied oil producing countries say they will postpone a plan to gradually increase oil output until the end of the year

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VIENNA, Nov. 3 (Xinhua) -- 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. Read full story

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Malaysia

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

Saudi Arabia and allied oil producing countries say they will postpone a plan to gradually increase oil output until the end of the year. The group extended output cuts by one month. No reason was given for the move on Sunday, which comes ahead of the U.S. presidential election on Tuesday. In June, OPEC said 2.2 million barrels a day in voluntary cuts were extended until September but would then be gradually reduced month by month until they are…

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Saudi Arabia and allied oil producing countries said on Sunday they would postpone a plan to gradually increase oil output until the end of the year, extending their output cuts by one month.No reason was given for the move, which comes ahead of the U.S. presidential election on Tuesday.In June, OPEC said 2.2 million barrels a day in voluntary cuts were extended until September but would then be gradually reduced month by month until they are el…

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OPEC+ verlängert Förderkürzung um einen Monat

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OPEC+ extends production cuts by one month

Saudi Arabia and allied OPEC+ nations extended their oil production cuts until the end of December, postponing a planned increase in output. This decision aims at managing supply as global demand remains weak. Previously, cuts were set to be reduced gradually until their elimination by September 2025.

OPEC extends its oil output cuts by one month until the end of December

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