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OPEC+ to cut oil output by 2 million barrels per day | DW News

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The 23-member OPEC+ alliance agreed on a major cut in oil production Wednesday during a meeting in Vienna.

The organization is made up of the 13 major oil producers of OPEC, as well as 10 other non-OPEC countries, including Russia.

Iran's OPEC Governor Amir Hossein Zamaninia said the group agreed to reduce production by 2 million barrels per day from November. The cut is likely to lead to a rise in oil prices.

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#oilprice #opec #ukrainewar
Category
Europe
Tags
oil price, opec, opec+
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