An oil pumping station near Dyurtyuli, Republic of Bashkortostan (Russian Federation). Photo: VNA

“The participating countries have decided to adjust the combined crude oil production of the Organization of the Petroleum Exporting Countries (OPEC) and its non-OPEC partners to 40.46 million barrels per day, starting from January 1, 2024, until December 31, 2024. This change is in line with the continued commitment of OPEC and its non-OPEC partners to achieve and maintain a stable oil market and provide a long-term orientation for the market,” Sputnik quoted the statement as emphasizing. OPEC+, an alliance of 13 OPEC countries and 10 partners, produces about 40% of the world 's crude oil.

MINH NHAT