Sakshi education logo

Advertisement

OPEC & its allies agree to cut oil output by 12 lakh barrels day to boost global oil markets

The Organisation of the Petroleum Exporting Countries (OPEC) and its allies agreed to cut oil output by 12 lakh barrels a day to boost global oil markets.
Current Affairs OPEC, the group of 14 nations, will cut crude oil output by 8 lakh barrels per day, while Russia and its allied producers would slash around 4 lakh barrels.

This was stated by Iraq's Oil Minister Thamer Abbas al-Ghadhban after the meeting of OPEC members and its allies in Vienna.
Published on 12/8/2018 6:55:00 PM

Related Topics