Oil cuts. OPEC+ countries said on Sunday that they will voluntarily cut oil production from May until the end of the year by a total of 1.15 million barrels per day. Russia and Saudi Arabia will each slash their output by 500,000 bpd. Iraq will reduce production by 211,000 bpd and the United Arab Emirates […]
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Daily Memo: OPEC+ Agrees to Production Cuts
The announcement triggered a price hike.
