OPEC+ decides to cut oil production quotas

06.10.2022,16:23


October 6, Fineko/abc.az. At a meeting on Wednesday the OPEC+ ministers decided to reduce quotas for oil production in November by 2 million b/d,

Bloomberg reports that the real decline in production will be less, since as of August, OPEC+ countries lag behind the permitted production levels by 3.6 million b/d.

In October, OPEC+ quotas correspond to August levels.