OPEC+ likely to keep output levels

By Agence France-Presse

Dec 05, 2022 12:02 am

(UPDATED) VIENNA: Major oil-producing countries led by Saudi Arabia and Russia look set to maintain their current output levels at a meeting Sunday, ahead of fresh sanctions against Moscow coming into force.

The 13-member Organization of the Petroleum Exporting Countries (OPEC) is due to consult with 10 other oil-producing nations, including Russia, to review their decision in October to cut production by 2 million barrels per day.

SUPPLY UNCERTAINTIES Photo taken on Oct. 5, 2022 shows the headquarters of the Organization of the Petroleum Exporting Countries in Vienna, Austria. Major oil-producing countries led by Saudi Arabia and Russia look set to maintain their current output levels at a meeting Sunday, December 4, ahead of fresh sanctions against Moscow coming into force. XINHUA PHOTO

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