VIENNA: Eight members of the OPEC+ group of oil-producing nations agreed on Thursday to extend their voluntary supply cuts until the end of November, postponing a planned output increase amid falling crude prices.
Concerns about slowing demand in China and the United States have weighed on oil prices recently, with benchmark West Texas Intermediate plunging below $70 a barrel for the first time in 13 months.
The eight OPEC+ nations are Saudi Arabia, Russia, Iraq, United Arab Emirates, Kuwait, Kazakhstan, Algeria and Oman. Their voluntary supply cuts of 2.2 million barrels per day (bpd) will be extended “for two months until the end of November 2024”, the alliance said in a statement.
Indian sand artist Sudarsan Pattnaik creates a sand sculpture of the missing Malaysia Airlines flight MH370 on Puri...
A Taliban soldier walking past veiled women.— AFP/File GENEVA: Special envoys and representatives for Afghanistan...
Fireworks are seen over the Sydney Opera House and Harbour Bridge during New Year's Eve celebrations in Sydney,...
Protesters holding signs take part in a rally to demand the end of deportations in US immigration policy, at Silver...
Canada's Prime Minister Justin Trudeau addresses the Liberal party caucus meeting in Ottawa, Ontario, Canada December...
A general view shows the closed-down Chikazawa Seishisho factory in Ino, Kochi Prefecture, Japan. —Reuters/File...
