( ) -q-25- UNDATED (Correspondent Jeremy House) “by one month.” Saudi Arabia and allied oil producing countries say they will postpone a plan to gradually increase oil output until the end of the year. [CutID: <Cuts> OPEC-OIL-PRICES-house-q-MONam.mp3 Time: 25s Title: OPEC-OIL-PRICES-house-q-MONam Out-cue: by one month] TAG: Correspondent Jeremy House reporting. ————————– VERBATIM: The group extended […]
Audio
OPEC extends its oil output cuts by one month until the end of December
( ) -q-25- UNDATED (Correspondent Jeremy House) “by one month.”
Saudi Arabia and allied oil producing countries say they will postpone a plan to gradually increase oil output until the end of the year.
[CutID: <Cuts> OPEC-OIL-PRICES-house-q-MONam.mp3
Time: 25s
Title: OPEC-OIL-PRICES-house-q-MONam
Out-cue: by one month]
TAG: Correspondent Jeremy House reporting.
————————–
VERBATIM: The group extended output cuts by one month. No reason was given for the move, which comes ahead of the U.S. presidential election on Tuesday. In June, OPEC said 2.2 million barrels a day in voluntary cuts were extended until September but would then be gradually reduced month by month until they are eliminated by September 2025. OPEC later extended the cuts until November. On Sunday, they extended the cuts again by one month.