OPEC+ cuts output to compensate for quota breaches

The Organisation of the Petroleum Exporting Countries and its allies (OPEC+) saw a decline in crude oil output in May 2025, as several member nations imposed voluntary cuts to compensate for previous breaches of agreed production limits. According to OPEC’s monthly report released by its Vienna-based secretariat, eight key members of the alliance increased their [...]The post OPEC+ cuts output to compensate for quota breaches appeared first on The Sun Nigeria.

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