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OPEC+ Surprisingly Cuts Oil Production
The OPEC+ alliance has announced a surprise cut in oil production. There will probably be a reduction of about one million barrels per day from May onward.
Nine oil-producing countries from the OPEC+ group will reduce their daily production in the coming months. / Picture: © Wikimedia Commons; Flcelloguy, CC BY-SA 3.0
Nine oil-producing countries from the OPEC+ group will reduce their daily production by a total of 1.66 million barrels (159 liters each) in the coming months. This was officially announced by OPEC+ in Vienna after a virtual meeting of its Market Monitoring Committee. The day before, the countries involved in the movement had announced cuts surprisingly and individually.
Eight…
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