OPEC+ endorses one-month extension to oil cuts - sources
- Country:
- United States
OPEC, Russia and allies agreed on Saturday to extend record oil production cuts by one month until the end of July, five OPEC+ sources told Reuters after the group held a video conference.
The group, known as OPEC+, also demanded countries such as Nigeria and Iraq, which exceeded production quotas in May and June, compensate with extra cuts in July to September.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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