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I read somewhere that they agreed to cut production for two years in response to the pandemic decimating the oil industry.
by mywittyname 5y ago
I read somewhere that they agreed to cut production for two years in response to the pandemic decimating the oil industry.
- mythopedia 5y agoYes, and that agreement is set to 'expire' next month. "Starting in May 2020, the OPEC+ agreement called for a decrease in crude oil output by an initial 9.7 million barrels per day (b/d) that gradually tapers through April 2022, the end of the current agreement period."[0] [0] https://www.eia.gov/todayinenergy/detail.php?id=45236 https://www.eia.gov/todayinenergy/detail.php?id=45236