OPEC+ Postpones Oil Production Cuts Due to Weak Demand Outlook
The OPEC+ alliance has delayed plans to ease production cuts amid a lukewarm outlook for global demand. The group, which restricts combined oil output to 39.725 million barrels per day until December 2026, now expects to extend its voluntary production decline into the first quarter. Eight OPEC+ members will maintain their 2.2 million-barrel-per-day production reduction … Read more