Reuters: OPEC + consortium to cut oil production by 9.7 million barrels per day for the next two months
20:56 - 12/04/2020
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The countries of the "OPEC +" group reached an agreement described as "historic", and they agreed to reduce oil production by 9.7 million barrels per day, in the largest reduction ever.
Kuwaiti Minister of Point Khaled Al-Fadil said through his official account in “Twitter” today, Sunday, after a new virtual meeting of the oil exporting countries: Approximately 10 million barrels of oil per day from OPEC + members starting from May 1, 2020. ”
Meanwhile, informed sources told Reuters, Tass and Novosti agencies that the countries participating in the talks, members of OPEC, Russia and other oil-exporting countries, have overcome the dispute with Mexico and approved the largest oil production cut of about 10%. From the world premiere.
The sources pointed out that the group "OPEC +" agreed to reduce production by 9.7 million barrels per day in May and June, indicating that Mexico will reduce its production by 100 thousand barrels and not 400 thousand, as obtained by the previous version of the deal.
The Iranian Oil Ministry later confirmed via "Twitter" the "OPEC +" agreement to reduce production by 9.7 million barrels per day in May and June, noting that the group approved Mexico's offer to reduce its production by 100,000 during these two months. 25 n ended