OPEC+ deal

Oil production grows

Last year, the new OPEC+ deal was concluded, in which the countries of the cartel cut production by 800,000 barrels per day, and non-OPEC countries - by 400,000 per day. Following the meeting of the ministers of OPEC and non-OPEC in Vienna this July, the agreement on limiting oil production was extended until the end of the first quarter of 2020.
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