OPEC, oil nations agree to nearly 10 million barrel cut amid coronavirus

OPEC, oil nations agree to nearly 10 million barrel cut amid coronavirus

OPEC, Russia and other oil-producing nations Sunday finalized a production cut of nearly 10 million barrels, for the next two months, in an effort to stem a plunge in oil prices brought on by the pandemic. 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 days of marathon negotiations.

Timothy
Timothy
Top in World
Get the App