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OPEC+ to renew voluntary oil production cuts — source

Production quotas are expected to remain the same

MOSCOW, December 5. /TASS/. OPEC+ member-countries will extend voluntary production cuts of 1.65 mln barrels per day until 2026, a source in one of delegations told TASS.

Furthermore, OPEC+ countries will renew the voluntary reduction of oil production by 2.2 mln barrels daily for the first quarter of 2025.

Production quotas are expected to remain the same.