Following a decline in oil prices, OPEC+ made a crucial decision to agree on reducing oil production. Experts predict an oil surplus next year.
The group's members will cut oil supply by 1 million barrels per day. This adjustment was made at their latest meeting.
Saudi Arabia played a key role. They chose to extend their voluntary cut of 1 million barrels per day into next year.
This move shows Saudi Arabia's commitment to managing its oil supply. The agreement reached by the countries is. . .
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