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West EuropeAustria· Vienna
First report 1h ago•Last update 1h ago

OPEC+ to maintain unchanged oil output in December

OPEC and its allies (OPEC+) have decided to keep oil production levels steady for the third consecutive month in December.

Background

OPEC+, an alliance of major oil-producing nations, regularly meets to set crude oil production targets. These decisions significantly influence global oil prices and supply, impacting economies worldwide. Key actors include OPEC members, led by Saudi Arabia, and non-OPEC allies like Russia.

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OPEC+ to maintain unchanged oil output in December

First report 12h agoLast update 12h ago
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