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Some of OPEC+ nations to extend their voluntary production cuts

The reduction will be based on quotas approved at the OPEC+ meeting on June 4

VIENNA, June 4. /TASS/. Several OPEC+ countries announced on Sunday their decisions to extend their voluntary oil production cuts until the end of 2024.

Thus, Saudi Arabia extends production cuts by 500,000 barrels a day, Iraq - by 211,000 barrels a day, the United Arab Emirates - by 144,000 barrels a day, Kuwait - by 128,000 barrels a day, Kazakhstan - by 78,000 barrels a day, Algeria - by 48,000 barrels a day, Oman - by 40,000 barrels a day, and Gabon - by 8,000 barrels a day.

Production will be reduced from the quotas set at an OPEC+ meeting on June 4. The countries of the alliance initially agreed voluntary production cuts in April 2023. The decision came into force in May and was to stay in effect until the end of the year.

On Sunday, OPEC+ nations agreed the level of oil production in 2024 at 40.46 million barrels a day. According to TASS calculations, OPEC+ countries will cut daily oil production by 1.393 barrels. The next OPEC+ ministerial meeting will be held in Vienna on November 26.

Amount of Russian assets frozen in Switzerland unchanged since August — agency

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Hezbollah says it attacked Israeli airbases near Haifa, Tel Aviv

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Russia’s Su-57 fifth-generation fighter debuts at Airshow China

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Israeli foreign minister says preparations underway for annexing some West Bank areas

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US State Department insists DPRK troops engaged in Russia’s borderline Kursk Region

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Top Russian security official hails strategic cooperation with China

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It is reported that fighting in the settlement itself is taking place at the moment

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Markus Reisner noted that many of the Ukrainian units on this section of the frontline are understaffed by 50%

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Group plotting violent coup detained in Kyrgyzstan — interior ministry

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Houthis attack two US destroyers — Pentagon

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Frank Giletti asked to speed up the commissioning of previously ordered Rafale planes to the armed forces

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Rafael Grossi acknowledged that the 2015 Joint Comprehensive Plan of Action on Iran’s nuclear program, which the US later abandoned, had become an "empty shell"

Russia says Su-35S fighter jets provide cover to bombers, attack aircraft in Kursk Region

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Russian Security Council secretary meets with senior Chinese official

The meeting involves consultations on security, justice and public order

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Russian forces destroy Ukrainian Stryker armored vehicle in Kharkov Region

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