OPEC+ Aims to Extend Oil Production Cuts Through 2025

OPEC+, a coalition led by Saudi Arabia and Russia, is formulating a significant plan, sources tell Reuters. The proposal aims to extend major oil production cuts until 2025. This decision arises amid fluctuating oil supplies and economic uncertainties worldwide. Since 2022, OPEC+ has reduced oil output, addressing the surplus from heightened production in the U.S. […]

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