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OPEC+ agrees to cut production by 10 million barrels per day in May and June

2020-04-10 16 Dailymotion

"OPEC+, 5월부터 두달간 하루 1천만 배럴 원유 감산"<br /><br />OPEC and several other major oil producers including Russia agreed to a historic production cut of 10 million barrels a day for two months from May.<br />The drastic move comes as the coronavirus pandemic saps demand for crude oil,... with almost the entire world not flying or driving.<br />With the decision,... the group will cut daily production by 10 million barrels in May and June, 8 million barrels from July through the end of the year,... and 6 million barrels from January 2021 through April 2022.<br />Despite the record cut,... oil prices moved lower on Thursday as investors worried it would still not be enough to level out the drop in demand.<br />

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