OPEC+ to renew voluntary oil production cuts — source
Business & Economy
December 05, 2024, 16:17
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.