SunSirs--China Commodity Data Group

Member ID: password: Join Now!
Commodity News

SunSirs: OPEC+ Releases New Seven Country Compensatory Production Reduction Plan

March 21 2025 09:35:38     SunSirs (Selena)

On Thursday, March 20th, the Organization of the Petroleum Exporting Countries and its allies (OPEC+) released a new timetable, in which seven member countries including Russia, Kazakhstan, and Iraq will further reduce oil production to make up for excess production.

OPEC's monthly compensatory production cuts mean a reduction of 189000 to 435,000 barrels per day.

OPEC stated that the new compensatory production reduction plan will continue until June 2026.

 

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.

Related Information
Energy
Chemical
Rubber & plastics
Textile
Non-ferrous metals
Steel
Building materials
Agricultural & sideline products