Opec+ ministers meet to discuss additional oil output cuts for next year
The OPEC+ alliance was set to hold a set of virtual meetings on Thursday to discuss additional oil production cuts for next year to support the market, three delegates told Reuters.
The size of potential additional cuts have not been decided yet, but two delegates said they ranged from 1 million to 2 million barrels per day (bpd) for the first quarter of 2024.
Saudi Arabia, Russia and other members of OPEC+ pump about 43 million bpd, more than 40% of global supply.
