OPEC+ has agreed to adjust the overall level of oil production from 2024
OPEC+ has agreed to adjust total oil production levels to 40.46 million b/d from 2024 – communiqué.
“Russia is to adjust oil production to 9.828 million bpd. The reduction decisions are taken to achieve and maintain oil market stability, creating long-term predictability,” the cartel said in a statement.
The next OPEC+ meeting will be held in Vienna on 26 November.
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OPEC+ has agreed to adjust the overall level of oil production from 2024