US EditionOPEC and the policy of gradual production reduction
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On June 2, OPEC+ reached an agreement to extend production cuts by 3.66 million barrels per day until the end of 2025, while gradually returning another 2.2 million barrels per day of voluntary cuts starting in October of this year. The periodic review of the level of OPEC+ production aims to support the stability and balance of oil markets. In a broader context, it reflects a cautious and calculated strategy to navigate the consequences of the …
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