"This voluntary initiative is a precautionary measure taken to ensure market balance and comes in alignment with the production cut agreed upon during the 33rd OPEC and non-OPEC Ministerial Meeting (ONOMM), held on 5th October 2022," the minister said in a statement.
In an exclusive interaction with ANI, OPEC Secretary General Haitham Al Ghais said that reduced oil import by India with OPEC countries doesn't affect the relationship between OPEC+ countries and India.
Washington [US], October 6 (ANI): The White House on Wednesday (local time) expressed disappointment over the announcement of a cut in oil production quotas by Organization of the Petroleum Exporting Countries (OPEC) and its allies.
Algiers [Algeria]/Moscow [Russia], Sept 24 (Sputnik/ANI): The Joint Ministerial Monitoring Committee (JMMC) of the Organization of the Petroleum Exporting Countries (OPEC) and non-cartel oil producers urged countries with spare oil production capacities to meet consumer demand before the end