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1. • 2.2 million barrels per day

     • The OPEC Secretariat noted the announcement of several OPEC+ countries of additional voluntary cuts to the total of 2.2 million barrels per day, aimed at supporting the stability and balance of oil markets.
     www.opec.org/opec_web/en/press_room/7267.htm

     Several OPEC+ countries announce additional voluntary cuts to ...

2. People also ask

   Will OPEC+ cut its oil output?

   • REUTERS/Dado Ruvic/File Photo Purchase Licensing Rights LONDON/MOSCOW/DUBAI, Nov 30 (Reuters) - OPEC+ oil producers on Thursday agreed to voluntary output cuts totalling about 2.2 million barrels per day (bpd) for early next year led by Saudi Arabia rolling over its current voluntary cut.

   OPEC+ agrees to deepen voluntary oil output cuts | Reuters

   www.reuters.com/markets/commodities/opec-ministers-meet-discuss-additional-oil-output-cuts-2023-11-30/

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   Did OPEC+ increase 2023 production cuts?

   • OPEC+ did not increase the 2023 production cuts. But on Sunday, Saudi Arabia pledged an additional voluntary oil output reduction of 1 million bpd for the month of July, which could be extended. As a result, the country's output will drop to 9 million bpd in July from around 10 million bpd in May. WHAT WAS AGREED FOR 2024?

   What oil production cuts were agreed at OPEC+ meeting? | Reuters

   www.reuters.com/business/energy/how-opec-deal-cuts-oil-supply-until-end-2024-2023-06-05/

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   Will OPEC+ cut oil supply in 2024?

   • The IEA expects global supply to increase by just 580,000 barrels per day this year. In March, the Paris-based agency said it expected there to be a deficit in supply in 2024 if OPEC+ extended its output cuts through the rest of the year. Sunday’s OPEC+ decision coincides with Saudi Arabia selling some more shares in its oil company Aramco.

   OPEC+ extends oil output cuts into 2025 - CNN

   www.cnn.com/2024/06/02/business/opec-oil-production-cuts-2025/index.html

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   Why did OPEC cut 2.2 million barrels a day?

   • The OPEC Secretariat noted the announcement of several OPEC+ countries of additional voluntary cuts to the total of 2.2 million barrels per day, aimed at supporting the stability and balance of oil markets.

   OPEC : Several OPEC+ countries announce additional voluntary cuts to

   www.opec.org/opec_web/en/press_room/7267.htm

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3. www.cnn.com › 2024/06/02 › businessOPEC+ to extend deep oil production cuts into 2025 - CNN

   www.cnn.com › 2024/06/02 › business

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   Jun 2, 2024 · The Organization of the Petroleum Exporting Countries and its allies — a group of leading oil producers known as OPEC+ — agreed Sunday to extend production cuts announced last year into 2025....

4. www.reuters.com › markets › commoditiesExplainer: OPEC+ oil policies: what cuts are already in place ...

   www.reuters.com › markets › commodities

   Nov 21, 2023 · Three OPEC+ sources told Reuters last week OPEC+ is set to consider whether to make additional oil supply cuts when the group meets. OPEC+ could further revise 2024 targets for...

5. Videos

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     OPEC+ Delivers Additional 1 Million Barrels/Day Cut

     Nov 30, 2023

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     reuters.com

     OPEC+ agrees deep oil production cuts, Biden calls it shortsighted

     Oct 4, 2022

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     aljazeera.com

     OPEC+ agrees voluntary oil production cuts

     Nov 30, 2023

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6. www.ft.com › content › e7a34800/0548/494b-ab36Opec+ agrees to extend deep production cuts into next year

   www.ft.com › content › e7a34800/0548/494b-ab36

   Jun 2, 2024 · Opec+ members have agreed to extend deep cuts in oil production, in some cases to the end of 2025, as they battle to shore up prices amid weak global demand and increased supply from other...

7. www.reuters.com › markets › commoditiesOPEC+ agrees to deepen voluntary oil output cuts | Reuters

   www.reuters.com › markets › commodities

   Nov 30, 2023 · OPEC+ oil producers on Thursday agreed to voluntary output cuts totalling about 2.2 million barrels per day (bpd) for early next year led by Saudi Arabia rolling over its current voluntary...

8. www.reuters.com › business › energyWhat oil production cuts were agreed at OPEC+ meeting?

   www.reuters.com › business › energy

   Jun 5, 2023 · VIENNA, June 5 (Reuters) - Saudi Arabia will make a deep cut to its output in July in addition to a broader OPEC+ deal to limit supply to the end of 2024 as the group faces flagging oil...

9. www.opec.org › opec_web › enSeveral OPEC+ countries announce additional voluntary cuts to ...

   www.opec.org › opec_web › en

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   Nov 30, 2023 · The OPEC Secretariat noted the announcement of several OPEC+ countries of additional voluntary cuts to the total of 2.2 million barrels per day, aimed at supporting the stability and balance of oil markets.

10. www.bloomberg.com › news › articlesOPEC+ Agrees on Deeper Output Cuts to Avoid Renewed Surplus

    www.bloomberg.com › news › articles

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    Nov 30, 2023 · Members of the group agreed to make 1 million barrels a day of additional oil-supply cuts at a meeting on Thursday, delegates said. That reduction comes alongside the much-anticipated...