OPEC+ Extends Deep Oil Production Cuts into 2025

TEHRAN (Tasnim) – 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 rising rival US production.

2024-06-03 12:20:05     0    161603
OPEC+ Extends Deep Oil Production Cuts into 2025

TEHRAN (Tasnim) – 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 rising rival US production.

News ID: 11808728