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Crude Production

Crude Production latest

OPEC+ Announces Additional Cuts of 500,000 bpd
December 10th, 2019 - 10:00 GMT

OPEC+ Announces Additional Cuts of 500,000 bpd

Oil ministers at the recent Opec+ meeting have announced additional cuts of 500,000 barrels per day (b/d), split between Opec member participants (-370,000 b/d) and their non-Opec counterparts (-130,000 b/d), a report said. This brings official Opec+ cuts to 1.7 million b/d, from 1.2 million b/d announced in 2018, added the BofA Global Research report. In addition to the formal Opec+ cuts, Saudi Arabia announced that it would continue its ...
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