Saturday, November 9, 2024
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Africa

Middle East

OPEC+ Member Countries Agree to 40.46 Million bpd Output Target from 2024; Saudi Arabia Extends Voluntary Cut

In a significant development, member countries of OPEC+ have come to a consensus on a new output target of 40.46 million barrels per day (bpd) beginning in 2024. The agreement, outlined in a statement issued by the group, reflects their collective commitment to maintaining stability in the oil market.

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