Home Energy OPEC+ cuts oil production, boosting Middle East’s oil economies – i24NewsCommoditiesEnergyAmerica and the WorldGeopoliticsOPEC+ cuts oil production, boosting Middle East’s oil economies – i24NewsBy wsw staff - April 6, 2023Major oil producers from OPEC+ announce their decision to cut produciton. Combined with cutbacks announced by several other OPEC producers, the cut will be over one million barrels a day, or about 1 percent of global oil supplies.