OPEC Plans a Gradual Unwinding of Production Cuts

The group announced after its meeting on Sunday that it would be extending production cuts into 2025 and laid out plans for phasing out voluntary cuts. Whether the strategy will work remains to be seen. Oil (Petroleum) and Gasoline, Politics and Government, Organization of the Petroleum Exporting Countries, Prices (Fares, Fees and Rates) The group announced after its meeting on Sunday that it would be extending production cuts into 2025 and laid out plans for phasing out voluntary cuts. Whether the strategy will work remains to be seen. NYT > Business

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