The OPEC logo in Vienna
(Archyde.com) – OPEC+ puts the drop in oil production at 1.66 million barrels per day linked to voluntary cuts decided from May and until the end of the year, the organization announced on Monday in a statement following a virtual ministerial meeting.
Saudi Arabia, Russia and other oil producers united in OPEC + announced Sunday further production cuts by the end of the year, a surprise decision that sent crude prices jumping on Monday.
(Blandine Hénault for the French version, edited by Kate Entringer)
