LBCI

OPEC+ alliance extends production cuts to support prices 'until the end of 2025'

World News

2024-06-02 | 08:12

Share

Share

OPEC+ alliance extends production cuts to support prices 'until the end of 2025'

The 22 members of the OPEC+ alliance agreed on Sunday to extend their oil production cuts until the end of 2025 to support prices amid various instability factors.

A statement said that OPEC+, consisting of the Organization of the Petroleum Exporting Countries (OPEC) led by Saudi Arabia, and ten allied countries, most notably Russia, "will extend the level of crude oil production... from January 1, 2025, until December 31, 2025," following a semi-annual meeting held in a hybrid format, with some members attending in Riyadh and others participating via video conference.

AFP

World News

OPEC

Oil

Production

Prices

Next

France far-right chief confirms election pact with right-wing party

Recommended For You

South Korean opposition says it will vote to impeach acting President Han

05:18

South Korean opposition says it will vote to impeach acting President Han

Any Ukraine peace deal must guarantee Russia's security, Lavrov says

04:14

Any Ukraine peace deal must guarantee Russia's security, Lavrov says

Azerbaijan Airlines crash in Kazakhstan killed 38: Official says

11:24

Azerbaijan Airlines crash in Kazakhstan killed 38: Official says

Japan's FM raises 'serious concerns' over China military buildup

10:56

Japan's FM raises 'serious concerns' over China military buildup

Subscribe to our VOD

SUBSCRIBE

Our visitors readings

Airstrikes hit areas in Lebanon; Israeli army claims Hezbollah targets

2024-09-21

Airstrikes hit areas in Lebanon; Israeli army claims Hezbollah targets

Maronite Patriarch Al-Rahi welcomes Qatari Ambassador for holiday greetings

05:30

Maronite Patriarch Al-Rahi welcomes Qatari Ambassador for holiday greetings

Syria forces carry out operation against pro-Assad 'militias'

Middle East News

05:10

Syria forces carry out operation against pro-Assad 'militias'

Israeli airstrike kills three in Bint Jbeil, South Lebanon: Health Ministry

2024-09-25

Israeli airstrike kills three in Bint Jbeil, South Lebanon: Health Ministry

Videos

Tom Fletcher affirms commitment to Lebanon's future, vows to help lead it into a new phase - Watch the full interview with LBCI

2024-12-24

Tom Fletcher affirms commitment to Lebanon's future, vows to help lead it into a new phase - Watch the full interview with LBCI

Car runs over security officer in Beirut, Lebanon (Video)

2024-12-21

Car runs over security officer in Beirut, Lebanon (Video)

A delegation of Druze religious leaders from Lebanon visits Jabal al-Arab, Syria (Video)

2024-12-20

A delegation of Druze religious leaders from Lebanon visits Jabal al-Arab, Syria (Video)

Inside Tartus Port: Russia's strategic naval presence in the Middle East

News Bulletin Reports

2024-12-16

Inside Tartus Port: Russia's strategic naval presence in the Middle East

Destruction and aftermath: Syrian coast sees largest Israeli attack in over a decade

News Bulletin Reports

2024-12-16

Destruction and aftermath: Syrian coast sees largest Israeli attack in over a decade

LBCI reports from Bmalkah in Tartus following Israeli airstrikes

Middle East News

2024-12-16

LBCI reports from Bmalkah in Tartus following Israeli airstrikes

LBCI Reports: Lebanese General Security divides Syrian refugees into three categories at Masnaa border

2024-12-13

LBCI Reports: Lebanese General Security divides Syrian refugees into three categories at Masnaa border

LBCI visits Sayyida Zaynab shrine as calm returns to Damascus (Video)

Middle East News

2024-12-12

LBCI visits Sayyida Zaynab shrine as calm returns to Damascus (Video)

Video shows Lebanese army deploying in South Lebanon's Khiam as Israeli forces withdraw

2024-12-12

Video shows Lebanese army deploying in South Lebanon's Khiam as Israeli forces withdraw

Most read

24 hours

7 days

Month

Hochstein's upcoming visit to address ceasefire concerns: Did Israel breach the ceasefire in Baalbek strike?

1

Hochstein's upcoming visit to address ceasefire concerns: Did Israel breach the ceasefire in Baalbek strike?

Syrians protest after video showing attack on Alawite shrine: AFP

2

Syrians protest after video showing attack on Alawite shrine: AFP

Israel's troops reportedly burn house in south Lebanon's Maroun El Ras

3

Israel's troops reportedly burn house in south Lebanon's Maroun El Ras

Israeli strike targets alleged Hezbollah warehouses in Lebanon's Bekaa region: Source tells AFP

4

Israeli strike targets alleged Hezbollah warehouses in Lebanon's Bekaa region: Source tells AFP

Large-scale demolition operation reported in Kfarkela, south Lebanon: State media says

5

Large-scale demolition operation reported in Kfarkela, south Lebanon: State media says

Emirates Airlines extends flights suspension to and from Beirut until January 15

6

Emirates Airlines extends flights suspension to and from Beirut until January 15

Despite war’s scars, Christmas spirit thrives in Lebanon's Tyre

7

Despite war’s scars, Christmas spirit thrives in Lebanon's Tyre

Lebanese army clears unexploded Israeli rockets in Bekaa region

8

Lebanese army clears unexploded Israeli rockets in Bekaa region

Download now the LBCI mobile app

To see the latest news, the latest daily programs in Lebanon and the world

Google Play

App Store

Download now the LBCI mobile app

We use
cookies

We use cookies to make
your experience on this
website better.

Accept

Learn More