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Forumer storico
OPEC has made a planned cut in oil output effectively conditional on the contribution from non-OPEC producer Russia, OPEC delegates said as the group gathered for a meeting in Vienna.
The likely outcome is a production cut of around 1.2M-1.4M barrels per day to shore up prices and curb excess supply.
As always though, the hard part is not figuring out a number, but rather how the cartel divvies up the cuts.
The likely outcome is a production cut of around 1.2M-1.4M barrels per day to shore up prices and curb excess supply.
As always though, the hard part is not figuring out a number, but rather how the cartel divvies up the cuts.