OPEC MOOTS 1M BPD OIL OUTPUT CUT
Written by Questit 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.
