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Explainer: Big cuts in oil production from OPEC and others

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Home Blogs > Business
Apr 13 '20 | By oiam2companyadmin | Views: 43 | Comments: 0

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Worldwide oil producers, led by OPEC, are expected to cut production by roughly 20 million barrels per day (bpd), roughly equal to 20% of global daily supply, through a combination of mandated cuts, production falls due to poor economics, and purchases into oil reserves.
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Source: https://www.reuters.com/article/us-global-oil-opec-cuts-explainer/explainer-big-cuts-in-oil-production-from-opec-and-others-idUSKCN21V1I0?feedType=RSS&feedName=businessNews

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