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OPEC agrees to cut oil output by 1.2 million barrels per day
Energy
- 30 November, 2016
- 14:06
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Baku. 30 November. REPORT.AZ/ OPEC has reached a deal Wednesday to cut oil output by 1.2 million barrels per day.
According to Bloomberg, OPEC will cut oil production by 1.2 million barrels a day to 32.5 million a day.
Thus, the oil price is expected to stay at 50 USD/barrel
This is the first time that the organization has agreed to cut oil output since 2008.
In September, OPEC members reached a preliminary deal in Algeria to cap oil production at 32.5-33 million barrels per day.
Author
OPEC gündəlik neft hasilatını 1,2 mln. barel azaldacaq
ОПЕК сократит ежесуточную нефтедобычу на 1,2 млн. баррелей
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