The move by the OPEC+ leaders is aimed at rebalancing the market Saudi Arabia and Russia announced on Wednesday the extension of their voluntary oil output and export cuts until the end of the year, as tightening supply and rising demand drive oil prices up. The two countries, which are the leaders of the OPEC+ group of major oil producers, made announcements in separate official statements hours before a ministerial monitoring panel of the group was due to convene online. Riyadh said it would continue to cut its crude output by 1 million barrels per day (bpd). Production for November and December will amount
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