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Tuesday, March 25, 2025 20:49 GMT
OPEC+ has issued a new schedule for seven member nations to make further oil output cuts to compensate for pumping above agreed levels, which will more than overtake the monthly production hikes the group plans to introduce next month. The plan will represent monthly cuts of between 189,000 barrels per day and 435,000 bpd, according to a table on OPEC's web site. The scheduled cuts last until June 2026. OPEC+, which includes OPEC plus Russia and other allies, has been cutting output by 5.85...More