![The latest oil production cuts are aimed at ensuring balance and stability in the oil market, Opec+ says. AP](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/BDKU4QPUFQQUJQAL75XGBYASC4.jpg?smart=true&auth=4646450a00bd032fd6fb024382f2692db883d235e900847bc9b32a9703dd848a&width=400&height=225)
The latest oil production cuts are aimed at ensuring balance and stability in the oil market, Opec+ says. AP
The latest oil production cuts are aimed at ensuring balance and stability in the oil market, Opec+ says. AP
Saudi Arabia and the UAE among Opec+ members extending oil output cuts
Cap of 2.2 million barrels per day through to the end of June adds to voluntary cuts made in April, which are in place until the end of December