OPEC Deal

Country fulfils commitments under OPEC+ deal

The new OPEC+ deal, in which the countries of the cartel cut production by 800,000 barrels per day and non-OPEC countries by 400,000 per day, was reached on December 7, 2018. Following the meeting of the ministers of OPEC and non-OPEC in Vienna on July 2, the agreement on limiting oil production was extended until the end of the first quarter of 2020.
Read More