OPEC+ to Begin Oil Production Increase in 2025
According to the vice president of research at S&P Global, OPEC+ has decided to extend production cuts until the end of 2024.
The alliance then plans to start adding supply to the market in 2025.
Weak oil demand, particularly in China, and concerns about slowing economies contributed to the market’s bearish sentiment.
The OPEC+ group will begin adding supp…
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