World’s biggest oil producers approve biggest-ever cut in oil production

0
47

OPEC and its oil-producing allies led by Russia have finalised a historic agreement to cut production by 9.7 million barrels per day due to a slump in demand caused by coronavirus lockdowns. The cut is the single largest output cut in history. The agreement also ends a price war that broke out between Saudi Arabia and Russia in March.

Source By Inshorts.com

LEAVE A REPLY

Please enter your comment!
Please enter your name here