OPEC+ extend production cuts until the end of 2024
05 June 2023; MEMO: Members of the OPEC+ alliance yesterday agreed to implement a voluntary cut in oil production until the end of 2024 instead of the previous date scheduled for the end of 2023.
The members said in a statement that the voluntary cut is in addition to a mandatory cut of 1.4 million barrels per day, which will start early next year and continue for a full year.
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