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Are oil prices about to shoot up? | DW News
Posted
October 6, 2022
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October 6, 2022
46,797
553
540
2.34%
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3:39Now PlayingThe 23-member OPEC+ alliance agreed on a major cut in oil production Wednesday during a meeting in Vienna.
The organization is made up of the 13 major oil producers of OPEC, as well as 10 other non-OPEC countries, including Russia.
Iran's OPEC Governor Amir Hossein Zamaninia said the group agreed to reduce production by 2 million barrels per day from November. The cut is likely to lead to a rise in oil prices.
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