OPEC+ extends oil output cuts again through November ...Middle East

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OPEC+ extends oil output cuts again through November
By Krystal Hur, CNN New York (CNN) — The Organization of the Petroleum Exporting Countries and its allies — the coalition of the world’s top oil producers known as OPEC+ — said Thursday that it is extending oil production cuts once again as crude and fuel prices continue to slump. The countries making up the organization will extend their production cuts of 2.2 million barrels per day through November and plans to phase out those voluntary cuts beginning in December until November 2025, OPEC+ said in a Thursday release. This isn’t the first time OPEC+ has extended output cuts in a bid to boost crude prices. The group in June lengthened the 2.2 million barrels per day cut through the e

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