February 5, 2025
‎OPEC+ surprise cuts hinder speculations: Experts

Logo of OPEC

The OPEC+ Joint Ministerial Monitoring Committee (JMMC) said the April 2 decision taken by Saudi Arabia and other members to voluntarily reduce oil production is a preemptive measure that aims to shore up market stability.

Following the voluntary cut, total additional voluntary production adjustments will reach 1.66 million barrels per day (bpd) as of May until the end of 2023…
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