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Old 04-12-2020, 05:54 PM   #1
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Default OPEC and oil nations agree to cut nearly 10M barrels per day

Filed under: Government/Legal
OPEC, Russia and other oil-producing nations on Sunday finalized an unprecedented production cut of nearly 10 million barrels, or a tenth of global supply, in hopes of boosting crashing prices amid the coronavirus pandemic and a price war, officials said. The cartel and other nations agreed to allow Mexico to cut only 100,000 barrels a month, a sticking point for an accord initially reached Friday after a marathon video conference between 23 nations. Mexico's energy minister said on Twitter thContinue reading OPEC and oil nations agree to cut nearly 10M barrels per day
OPEC and oil nations agree to cut nearly 10M barrels per day originally appeared on Autoblog on Sun, 12 Apr 2020 17:28:00 EDT. Please see our terms for use of feeds.


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