Some OPEC+ countries to extend production cuts by 1.66 mln barrels a day in 2025

Business & Economy June 02, 17:28

Apart from that, another source told TASS that the OPEC+ countries agreed upon the extension of voluntary production cuts by 2.2 million barrels a day through the third quarter of 2024

MOSCOW, June 2. /TASS/. A number of OPEC+ countries, including Russia and Saudi Arabia, will extend overall voluntary production cuts by 1.66 million barrels a day throughout 2025, a source in one of the delegations told TASS.

"An overall of 1.66 million barrels a day until the end of 2025," the source said.

These cuts were originally meat until late 2024.

Apart from that, another source told TASS that the OPEC+ countries agreed upon the extension of voluntary production cuts by 2.2 million barrels a day through the third quarter of 2024. These commitments have been in force since the beginning of 2024 and so far are confined to the second quarter.

Read more on the site →