OPEC agrees to continued cuts in production

OPEC agrees to continued cuts in production

A group of oil-producing countries has agreed to continued cuts in production in a bid to shore up flagging prices.

The seven hour-long meeting on Sunday of the oil-rich nations, led by Russia, came against a backdrop of falling energy prices.

Opec+ accounts for around 40% of the world’s crude oil and its decisions can have a major impact on oil prices.

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