OPEC+ Extends Output Cuts To Support Prices Until End Of 2025: Statement
Posted on AllSides June 2nd, 2024
From The Center
The OPEC+ group of oil-producing nations agreed Sunday to extend their current production cuts until the end of 2025 in a bid to support prices.
The 12-member cartel and its 10 allies decided to "extend the level of overall crude oil production... starting 1 January 2025 until 31 December 2025," a statement by the alliance said.
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