{"id":2243,"date":"2024-06-13T23:46:14","date_gmt":"2024-06-13T23:46:14","guid":{"rendered":"https:\/\/exam.pscnotes.com\/current-affairs\/?p=2243"},"modified":"2024-06-13T23:46:14","modified_gmt":"2024-06-13T23:46:14","slug":"opec-members-announce-cut-in-oil-production-exceeding-onemillion-barrels-per-day-from-next-month","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/current-affairs\/opec-members-announce-cut-in-oil-production-exceeding-onemillion-barrels-per-day-from-next-month\/","title":{"rendered":"OPEC members announce cut in oil production exceeding one\nmillion barrels per day from next month"},"content":{"rendered":"<p>In a sudden announcement, OPEC members, such as Saudi Arabia, the UAE, Iraq, Kuwait, and Algeria, have declared voluntary oil production cuts of more than one million barrels per day from May to December. They have stated that this is a preventive action to support the stability of the oil <div class=\"youtube-subscribe-container\">\r\n        <a href=\"https:\/\/www.youtube.com\/channel\/UCNHT8lW-JmLC68rjBfZhdkg?sub_confirmation=1\" target=\"_blank\" class=\"youtube-subscribe-button\">\r\n            <span class=\"youtube-icon\">\r\n      <div class=\"telegram-channel-container\">\r\n        <a href=\"https:\/\/t.me\/pscnotes2025\" target=\"_blank\" class=\"telegram-channel-button\">\r\n            <span class=\"telegram-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 496 512\">\r\n                    <path fill=\"white\" d=\"M248,8C111,8,0,119,0,256s111,248,248,248s248-111,248-248S385,8,248,8z M362,177L320,367c-3,14-10,18-20,14l-56-41l-27,26 c-3,3-5,5-10,5l4-63L323,196c5-5-1-7-8-3l-98,62l-42-13c-9-3-10-9,2-14l162-63C351,160,365,164,362,177z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Join Our Telegram Channel\r\n        <\/a>\r\n    <\/div>           <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 576 512\">\r\n                    <path d=\"M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Subscribe on YouTube\r\n        <\/a>\r\n    <\/div> market<\/p>\n<p>The group, which consists of 23 oil-producing countries, had reduced its collective output by two million barrels per day in the previous year and is expected to maintain the agreed-upon production levels at their upcoming virtual meeting<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a sudden announcement, OPEC members, such as Saudi Arabia, the UAE, Iraq, Kuwait, and Algeria, have declared voluntary oil production cuts of more than one million barrels per day from May to December. They have stated that this is a preventive action to support the stability of the oil market The group, which consists &#8230; <a title=\"OPEC members announce cut in oil production exceeding one\nmillion barrels per day from next month\" class=\"read-more\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/opec-members-announce-cut-in-oil-production-exceeding-onemillion-barrels-per-day-from-next-month\/\">Read more <span class=\"screen-reader-text\">OPEC members announce cut in oil production exceeding one<br \/>\nmillion barrels per day from next month<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[595],"tags":[601],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>OPEC members announce cut in oil production exceeding one million barrels per day from next month - Current Affairs Exam<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/13\/opec-members-announce-cut-in-oil-production-exceeding-onemillion-barrels-per-day-from-next-month\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OPEC members announce cut in oil production exceeding one million barrels per day from next month\" \/>\n<meta property=\"og:description\" content=\"In a sudden announcement, OPEC members, such as Saudi Arabia, the UAE, Iraq, Kuwait, and Algeria, have declared voluntary oil production cuts of more than one million barrels per day from May to December. 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