logo
 
Russian Energy Minister Alexander Novak has said OPEC plus countries will discuss the allocation of quotas on the reduction of oil production during a ministerial meeting in Vienna.

Talking to reporters the Minister declined to comment on possible scenarios.

OPEC plus has been reducing oil production since 2017 to counter oversupply on the global market caused by a recent boom in oil output in the United States.

The current version of the OPEC plus oil output cut deal, which will be in force until March 2020, expects parties to reduce overall oil output by 1.2 million barrels per day compared to October 2018 levels.



No Comments For This Post, Be first to write a Comment.
Leave a Comment
Name:
Email:
Comment:
Enter the code shown:


Can't read the image? click here to refresh

Todays Epaper

Should Telangana government waive off the property tax, electricity bill, water bill of three months in the GHMC area during the lockdown period?

Yes
No
Can't Say