Ministers at a meeting in Riyadh agreed the 2m barrel a day limit should be in place until the end of next year
The Opec+ group of oil producers have agreed to extend most of their production curbs into next year, in an attempt to shore up crude prices.
After a ministerial meeting in Riyadh on Sunday, the Opec cartel and allies including Russia decided to extend a cut of 2m barrels a day until the end of 2025, rather than ending it at the end of 2024.
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