OPEC MOOTS 1M BPD OIL OUTPUT CUT

Written by on March 6, 2020

THE ORGANISATION OF PETROLEUM EXPORTING COUNTRIES (OPEC) HAS AGREED TO ANOTHER CUT IN PRODUCTION ADDING UP TO 1 MILLION BARRELS PER DAY AMONG ITS FOURTEEN MEMBERS WHILE ANTICIPATING RUSSIA AND ITS ALLIES UNDER THE OPEC+ CARTEL TO TOW A SIMILAR PATH BY BRINGING PRODUCTION DOWN BY HALF A MILLION BARRELS PER DAY.


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