OPEC countries agree on nine-month curb

Monday evening, OPEC's members agreed on a production curb, and the remaining major oil exporters headed by Russia support the agreement, which will apply for nine months.

Photo: Leonhard Foeger/REUTERS / X00360

OPEC+ follows in the footsteps of OPEC and agree on extending cuts in oil production for nine months, writes Bloomberg News.

The agreement between the OPEC+ countries follows Monday's decision among the 14 oil-exporting OPEC countries to extend production cuts, which have been in force since January, in an attempt to raise the oil price.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Ørsted joins the lottery for Thor

The regional director for Europe confirms that the company was among the bidders who are prepared to pay the state treasury to set up the 1,000MW offshore wind farm Thor.

Further reading

Related articles

Latest News

See all jobs