Reuters: OPEC + is working on a two-year agreement to be implemented gradually
The Economy News - Baghdad
Two OPEC + sources said Thursday that the alliance that includes OPEC and producers from outside it is discussing plans to reduce oil production for at least two years, with implementation gradually taking place.
The group had previously said it wanted the United States, one of the three largest oil producers in the world along with Russia and Saudi Arabia, to participate in the cuts. Washington says its production is already gradually declining due to lower oil prices.