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A Closer Look At Oil Production Cuts Under OPEC+ Deal

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A Closer Look At Oil Production Cuts Under OPEC+ Deal

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Recently, OPEC and allies agreed to a record cut in output to prop up oil prices amid the COVID-19 outbreak and the ongoing Saudi-led offensive on the oil market. The group, known as OPEC+, said it had agreed to reduce output by 9.7 million barrels per day (bpd) for May and June.

The numbers below provide a closer look at the deal:

A Closer Look At Oil Production Cuts Under OPEC+ Deal

IMAGE: marketscreener.com

A Closer Look At Oil Production Cuts Under OPEC+ Deal

IMAGE: marketscreener.com

A Closer Look At Oil Production Cuts Under OPEC+ Deal

IMAGE: marketscreener.com

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