Economy

Why is OPEC+ Extending Deep Oil Production Cuts into 2025?

OPEC+ agreed onĀ  Sunday,2nd of June to extend most of its deep oil production cuts until 2025, but the question is: Why is OPEC+ Extending Deep Oil Production Cuts into 2025? It is to seek to support the market amid tepid demand growth, high interest rates, and rising production from rival the United States. The […]