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OPEC Agrees on Oil Output Cuts in Drive to End Record Glut


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Here's the cuts by country




This agreement has been reached following extensive consultations and understanding reached with key non-OPEC countries, including the Russian Federation that they contribute by a reduction of 600 tb/d production.


So 1.2 mmbbl/d from OPEC and another 600k from non-OPEC cooperating countries, presumably most of that from Russia.


Won't hold my breath that they stick to it but for now it's bullish.

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