OPEC+ to maintain current oil production cuts until the end of next year

[‘\nOPEC (Organization of the Petroleum Exporting Countries) and its alliance OPEC+ have agreed to extend the current oil production cut levels until the end of next year in order to stabilize oil prices.’,
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, ‘As a result, the “official production cut level” allocated to all participating countries, which accounts for 200,000 barrels per day out of the total cut of 5.86 million barrels per day, will be maintained for another year.’,
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, ‘Saudi Arabia, Russia, and other member countries have also agreed to extend their voluntary production cuts for periods ranging from 1 year to 3 months.’,
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, ‘However, the United Arab Emirates has decided to gradually increase its daily production by 300,000 barrels from January to the end of September next year.’,
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, ‘Written by Cha Seung (chaletuno@yna.co.kr)’,
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, ‘#OPEC+ #OrganizationofthePetroleumExportingCountries #productioncuts’,
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, ‘Contact for inquiries and tips to Yonhap News TV: Kakaotalk/Line jebo23’,
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