US EditionOPEC extends its oil output cuts by one month until the end of December
- OPEC+ countries have decided to extend their voluntary oil output cuts through December 2024 due to weak oil prices.
- The eight participating countries include Saudi Arabia, Russia, and Iraq, among others.
- OPEC stated they aim for "full conformity" with their targets and will adjust for overproduction by September 2025.
24 Articles
24 Articles
OPEC+ members extend voluntary oil output cuts by one month
Vienna: Eight member countries of the OPEC+ oil-producing group have announced 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. OPEC+ comprises the Organisation of the Petroleum Exporting Countries (OPEC) and its allies, Xinhua news agency reported. The eight countries participating in these cuts are Saudi Arabia, Russia, Iraq, the United Arab Emi…
Associated Press News
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…
The Star Kuala Lumpur
8 OPEC+ members extend voluntary oil output cuts by one month
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
vol.at
Salzburger NachrichtenThe oil association OPEC+ is extending its production restrictions for another month. The production cuts of 2.2 million barrels a day that have been in place since November 2023 are now to be maintained until the end of December, the OPEC Secretariat announced on Sunday in Vienna. Oil prices have been trending downward since July. Last week, the US variety WTI (West Texas Intermediate) was trading at prices below 70 dollars, while the North Sea…
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