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32%  
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  • OPEC, allies agree to cut oil output by record amount

    04/12/2020 5:29:39 PM PDT · by bitt · 21 replies
    thehill.com ^ | 4/12/2020 | zack budryk
    OPEC, Russia and other oil-producing countries, collectively known as OPEC+, have reached a tentative deal to cut oil output by 9.7 million barrels a day due to the coronavirus pandemic. Talks between the countries had hit a last-minute hurdle last week when Mexican President Andrés Manuel López Obrador appeared reluctant to cut his country's production levels. But Mexico's energy secretary confirmed Sunday that a deal had been reached. President Trump confirmed Sunday that a deal had been reached. The countries’ delegations are set to hold an emergency meeting Sunday evening to finalize talks, Azerbaijan’s energy minister said, telling CNBC the...