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- 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. The group said in a statement it would extend a cut of 1.65 million barrels per day, announced in April 2023, until the end of 2025.
edition.cnn.com/2024/06/02/business/opec-oil-production-cuts-2025/index.htmlOPEC+ to extend deep oil production cuts into 2025 | CNN Business
Jun 3, 2024 · On Sunday, OPEC+ agreed to extend the cuts of 3.66 million bpd by a year until the end of 2025 and prolong the cuts of 2.2 million bpd by three months until the end of September 2024.
Nov 12, 2024 · In the report, OPEC also cut its 2025 global demand growth estimate to 1.54 million bpd from 1.64 million bpd. China accounted for the bulk of the 2024 downgrade. OPEC trimmed its Chinese growth ...
Jun 3, 2024 · June 3 (Reuters) - OPEC+ agreed on Sunday to extend most of its deep oil output cuts well into 2025 as the group seeks to shore up the market amid tepid demand growth, high interest rates and...
Jun 2, 2024 · The OPEC+ alliance decided to hold steady its production levels, which include collective cuts of 2 million barrels per day, through Dec. 31, 2025.
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...
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Jun 2, 2024 · On Sunday, OPEC+ agreed to extend the cuts of 3.66 million bpd by a year until the end of 2025 and prolong the cuts of 2.2 million bpd by three months until the end of September, 2024.
