OPEC+ agrees to continue output cut


ANKARA

The Organization of Petroleum Exporting Countries (OPEC) and allies, known as OPEC+, agreed on Sunday to stick to its target of cutting oil output by 2 million barrels per day (bpd).

The decision was taken at the 34th OPEC and non-OPEC Ministerial Meeting with a view of “stabilizing global oil markets,” according to a statement.

The meeting was held via videoconference just a day before the EU’s ban on Russian seaborne crude oil exports and a…



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Written by Bourbiza Mohamed

I have 26 years of experience as a professional writer and editor and have been working as a full time freelancer since 2011. I am originally from Casablanca, Morocco, and I graduated from Qatar University with a degree in journalism. I have worked for newspapers, magazines, news agencies, websites. I speak fluent Arabic, French, English, Russian and Spanish.

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