OPEC+ concurs biggest ever oil yield cut of 9.7m bpd

OPEC+ concurs biggest ever oil yield cut of 9.7m bpd

OPEC, Russia and other oil creating countries concurred on Sunday to cut yield by a record sum, speaking to around 10 percent of worldwide stock, to help oil costs in the midst of the coronavirus pandemic, sources said.

The gathering, known as OPEC+, consented to lessen yield by 9.7 million barrels for each day for May-June after a trade off with Mexico, two OPEC+ sources said.

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