🔹 OPEC+ extends oil production cuts Recently, OPEC+, which unites OPEC members and other oil-producing countries, made an important decision.

November 4, 2024

🔹 OPEC+ extends oil production cuts Recently, OPEC+, which unites OPEC members and other oil-producing countries, made an important decision. The group agreed to extend oil production cuts to 2.2 million barrels per day (b/d) until the end of December 2024.

🔹 Confirmation of obligations In addition, the countries reaffirmed their commitment to “achieve full compliance” with their production targets. This means that all participants must compensate for any overproduction by September 2025.

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🔹 OPEC+ extends oil production cuts Recently, OPEC+, which unites OPEC members and other oil-producing countries, made an important decision.

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