Saudi Arabia is set to cut output by 1 mln barrels per day (bpd) in early 2024 under the terms of an OPEC+ agreement on Thursday, with Russia contributing a 500,000 bpd cut, an OPEC+ delegate told Reuters.

Other members of the producer alliance are also expected to contribute additional cuts, the source added.

(Reporting by Maha El Dahan in Dubai; Editing by Kirsten Donovan)