Weekend news:
- OPEC+ agrees to delay December oil output increase
In summery from the cartel’s statement:
- Eight OPEC+ countries (Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman) extended their November 2023 voluntary production cut of 2.2 million barrels per day through December 2024.
- The Joint Ministerial Monitoring Committee (JMMC) will oversee compliance, with a deadline of September 2025 for compensating overproduction since January 2024.
- Iraq, Russia, and Kazakhstan reaffirmed their adherence to the production adjustment and compensation schedule.
This article was written by Eamonn Sheridan at www.forexlive.com.
#Oil #traders #OPEC #announced #delay #planned #December #output #increase #month #Forexlive
opec oil output
latest news today, news today, breaking news, latest news today, english news, internet news, top news, oxbig, oxbig news, oxbig news network, oxbig news today, news by oxbig, oxbig media, oxbig network, oxbig news media, forex, forex news, forex news today
HINDI NEWS
