OPEC+, the oil cartel made up of most non-Western producers, is sharply cutting production to stabilize the price of crude oil, which has fallen significantly in recent months. From November onwards, the alliance of 23 countries will produce 2 million barrels (159 litres each) less per day, the cartel announced in Vienna on Wednesday. The price of crude has fallen by up to 30% on spot markets since June on concerns of a looming global economic recession. The cutback will actually be less than the official decision, as a number of oil producers, including Angola, Nigeria and Russia, were alread…