Oil cartel Opec+ says it wants to produce around 40 million barrels (159 liters each) a day next year. This means a reduction in total OPEC+ production by 1.39 million barrels per day.
The decision was made by the alliance of 23 countries on Sunday in Vienna. In April, a production cut of 1.66 million barrels until the end of the year was decided to stabilize the oil price. In mid-2022, a barrel of OPEC oil cost around $115, now it's about $75.