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Sunday, May 31, 2020

Maritime Logistics Professional

April 9, 2020

OPEC+ Considers Oil Cuts Above 12 Mln BPD

© Maxim Grebeshkov / Adobe Stock

© Maxim Grebeshkov / Adobe Stock

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)

oil outputOrganization of Petroleum-Exporting Countries