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OIL: Saudi Arabia, Russia and Kazakhstan Stress Importance of Commitment to Cuts

OIL
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Saudi Arabia, Russia and Kazakhstan stressed the importance of full OPEC+ member commitment to the voluntary oil production cuts, according to the Saudi state news agency cited by Reuters.

  • OPEC+ members are discussing a delay to a planned January oil output hike, according to Reuters citing two sources from the producer group.
  • OPEC+ is set to decide policy for early 2025 at the online ministerial meeting on Dec. 1.
  • "They also stressed the importance of cooperation among OPEC+ member countries and full adherence to the agreement, including the voluntary production cuts agreed upon by the eight participating countries, as well as compensating for any excess production," SPA reported.
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Saudi Arabia, Russia and Kazakhstan stressed the importance of full OPEC+ member commitment to the voluntary oil production cuts, according to the Saudi state news agency cited by Reuters.

  • OPEC+ members are discussing a delay to a planned January oil output hike, according to Reuters citing two sources from the producer group.
  • OPEC+ is set to decide policy for early 2025 at the online ministerial meeting on Dec. 1.
  • "They also stressed the importance of cooperation among OPEC+ member countries and full adherence to the agreement, including the voluntary production cuts agreed upon by the eight participating countries, as well as compensating for any excess production," SPA reported.