OPEC+ agreed on Sunday to extend most of its deep oil output cuts for 2024 but to start phasing them out in 2025, as the group seeks to shore up the market amid tepid global demand growth, high interest rates and rising rival U.S. production. Oil prices trade near $80 per barrel, below what many …
https://www.hellenicshippingnews.com/opec-extends-deep-oil-production-cuts-into-2025/