OPEC+ strikes last-minute deal to cut almost 10 mn barrels
a day of oil production
12 Apr, 2020 17:55 / Updated 17 minutes ago
"OPEC+ strikes last-minute deal to cut almost 10 mn barrels a day of oil production
After four days of marathon talks, major global oil producers have finally inked an agreement to slash oil output by 9.7 million barrels per day (BPD), in a bid to boost the energy market amid the coronavirus pandemic.
The members of the Organization of the Petroleum Exporting Countries and other oil-producing states outside of the cartel reached an agreement on Sunday evening to cut their output starting May 1. Kuwait's Oil Minister Khaled Al-Fadhel broke the news on Twitter. "
moar:
https://www.rt.com/business/485616-opec-historic-oil-agreement/
potus is pleased