8 OPEC+ members extend voluntary oil output cuts by one month

VIENNA, Nov. 3 (Xinhua) -- Eight member countries of the OPEC+ oil-producing group anounced on Sunday to further extend their voluntary output cuts by a month, pushing the reductions through the end of December in response to ongoing weak oil prices.

OPEC+ comprises the Organization of the Petroleum Exporting Countries (OPEC) and its allies. The eight countries participating in these cuts are Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman.