OPEC+ to Cut Oil Production by 2 Million Barrels Per Day
October 5th, 2022Via: CNBC:
A group of some of the world’s most powerful oil producers on Wednesday agreed to impose deep output cuts, seeking to spur a recovery in crude prices despite calls from the U.S. to pump more to help the global economy.
OPEC and non-OPEC allies, a group often referred to as OPEC+, decided at their first face-to-face gathering since 2020 to reduce production by 2 million barrels per day from November.
