OPEC+ oil cuts

The IEA predicts a surplus in global oil supply by 2025, driven by rising production from non-OPEC+ nations and slowing demand growth in China

OPEC+ postpones its oil output increase to January 2024, extending its current 2.2 million barrels per day cut due to weak global demand

Russia’s move to curtail oil production underscores its commitment to the OPEC+ alliance and its efforts to influence global oil prices. This decision comes amidst ongoing market uncertainties stemming from …