Opec+ agrees deal to cut global oil production
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, Saudi state TV has reported.
The move is aimed at limiting a crash in prices that has pushed energy companies toward bankruptcy.
The 9th (Extraordinary) OPEC and non-OPEC Ministerial Meeting concludes.
Press release 👉 https://t.co/cd9z8KTCc2
— OPEC (@OPECSecretariat) April 10, 2020