IRAQ, KSA AND RUSSIA AMONG OPEC+ MEMBERS RECENTLY CUT OIL OUTPUT
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01.12.2023
Iraqi News (30 November 2023)
Amr Salem
Uncertainty hovered over what major oil-producing nations — collectively known as OPEC+ — will decide on output policy as they headed into virtual meetings Thursday in a bid to halt a continuous slump in prices.
Amid stuttering global economic growth, analysts expect OPEC+ — the 13 OPEC members headed by Saudi Arabia and 10 partners led by Russia — to extend or deepen production cuts into next year to prop up prices.
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