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Published

OPEC 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.
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  • 75% of the sources are Center
75% Center
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