Opec+ agrees to cut output by 2mn barrels a day - Printable Version
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Opec+ agrees to cut output by 2mn barrels a day - [[ForeverAlone]] - 05-10-2022
https://www.ft.com/content/64d35a40-5144-44f6-afca-c8b88c9d0ad5?fbclid=IwAR1a9in7xqYs82_5LNOrUKtkMkGVG3gsUVjfEXVunyE3wpCd_DBf2sz8PMw
Saudi Arabia and Russia have led the Opec+ cartel in a deal to make deep oil production cuts to raise prices, risking a backlash from the US and European countries already battling soaring energy inflation.
The Opec+ group will cut 2mn barrels a day, equivalent to 2 per cent of global supply, according to people familiar with the discussions.
RE: Opec+ agrees to cut output by 2mn barrels a day - cityhantam - 05-10-2022
Fantastic!