Jump to content

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


AzCactus

Recommended Posts

Here's the cuts by country

 

http://www.opec.org/opec_web/static_files_project/media/downloads/press_room/OPEC%20agreement.pdf

 

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.

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...