The OPEC+ countries have ratified the previous decision to reduce oil production by 2 million barrels per day. This measure was taken to stabilize the situation on the market.

This is the decision taken previously, which has the potential to be adjusted further when the cartel meets in February

https://www.opec.org/opec_web/en/publications/338.htm

The link is for the monthly OPEC updates for this year, in case you would like to see how this cut will affect things globally