OPEC+ Considers Oil Cuts Above 12 Mln BPD

Thursday, April 9, 2020

OPEC, Russia and other allied producers, a grouping known as OPEC+, are considering cutting their oil output by more than 12 million barrels per day (bpd) and want other producers to contribute cuts of 5 million bpd, an OPEC+ source said on Thursday.


(Reporting by OPEC team; Editing by Edmund Blair)

Categories: Oil Production

Related Stories

US Targets China Oil Storage Terminal in Iran-Related Sanctions

Aquajet to Launch New Hydrodemolition Robot Series

Tariffs Bite: Venezuela Oil Loading Slows

Current News

DP World Begins $165 Million Expansion of Maputo Container Terminal Capacity

Port Canaveral Invests $500 Million in Five-Year Port-Wide Improvement Plan

Syria Signs New 30-Year Deal with CMA CGM

Adani Ports Sees Higher FY26 Revenue Growth on Robust Volumes

Subscribe for Maritime Logistics Professional E‑News