OPEC and Russia have agreed a deal to cut global oil production to 10 million barrels a day until July 1, and then eight million a day until the end of year
OPEC and Russia have agreed a deal to cut global oil production to 10 million barrels a day until July 1, and then eight million a day until the end of year
10 April 2020
The move is aimed at limiting a crash in prices that has pushed energy companies toward bankruptcy.
However there are also reports suggesting the deal is was hanging in the balance, with Kuwait's oil minister saying Mexico had disrupted the proposed accord.
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