Opec+ countries cut production by ten percent

The group of major oil exporters known as Opec+ agrees to reduce oil production by 9.7 million barrels per day.


The major oil producing countries agree to reduce oil production by 10 percent in May and June, confirm several parties including the Iranian oil minister on Twitter.

Sunday, the Organization of Petroleum Exporting Countries (Opec), Russia and other major oil exporters agreed to a record-large production cut. This is done to strengthen the price of oil.

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