iPhone | iPad
Android
Huawei
Bonds are seen as the best bets, offering good and stable returns amidst high-interest rates
KT APPDOWNLOAD
Opec+ cuts oil output to 40.46 million barrels per day throughout 2024
Statement made after the 35th meeting of the group in Vienna
Saudi Arabia's Minister of Energy Prince Abdulaziz bin Salman Al-Saud arrives for an opec+ meeting in Vienna on Sunday. — Reuters
Opec+ has decided to adjust the level of overall crude oil production to 40.46 million barrels per day (bpd), starting 1 January 2024 until 31 December 2024.
This was announced by the global organisation in a statement following the 35th Opec and non-Opec Ministerial Meeting in Vienna on Sunday.
According to the statement, Opec and non-Opec participating countries in the Declaration of Cooperation, the participating countries decided to “adjust the level of overall crude oil production for Opec and non-Opec Participating Countries in the DoC to 40.46 million bpd, starting 1 January 2024 until 31 December 2024.”
As per the statement the Joint Ministerial Monitoring Committee (JMMC) has been granted the authority to hold additional meetings, or to request an Opec and non-Opec Ministerial Meeting at any time to address market developments, whenever deemed necessary.
It has been decided to hold the 36th Opec and non-Opec Ministerial Meeting on November 26 in Vienna.
More news from Business
The top seven SWFs in the Gulf have seen their assets surge by about 70 per cent since 2018 to $3.6 trillion
The emirate has introduced several initiatives to reduce emissions in line with the UAE's more ambitious goal of a 40% reduction by 2030
Forex.com announces a partnership with Capitalise.ai during Forex Expo Dubai 2023
The company marks its first entry into the Middle East
New proptech platform launched in the UAE
Order is also accompanied by acquisition rights for 40 additional aircraft
Company raises $290 million in share sale