OPEC to cut 2.2 million barrels per day for another three months
OPEC to cut 2.2 million barrels per day for another three months
OPEC+ members, led by Saudi Arabia and Russia, have extended production cuts to stabilise the oil market.
OPEC+ members, led by Saudi Arabia and Russia, have announced further voluntary cuts of 2.2 million barrels per day (mbpd) for another three months, “aimed at supporting the stability and balance of oil markets”, the organisation announced on its website.
At 14:22 GMT, Brent futures increased by $...