OPEC+ To Maintain Current 2m Barrel Per Day Production Output

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(Last Updated On: 2022-12-05)

 

 

The Organisation of Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, agreed to maintain the current 2 million barrel per day production output.

The group made the decision on Sunday at the end of the 34th virtual OPEC and non-OPEC ministerial meeting.

The decision comes two days after the Group of Seven (G7) nations agreed to a price cap on Russian oil.

The global oil cartel will have its next meeting on June 2023.

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