Organization of the Petroleum Exporting Countries

OPEC+ Continues Significant Oil Production Reductions Through 2025 For Market Stability

The Organization of the Petroleum Exporting Countries (OPEC) and its allies, collectively known as OPEC+, have announced a significant extension of oil production cuts into 2025. This decision comes in response to several factors contributing to market instability, including sluggish demand growth, elevated interest rates, and the increasing production of...