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Blog / 08 Jan 2019

(Video) Rajya Sabha TV (RSTV) World Panorama: OPEC Slashes Output

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(Video) Rajya Sabha TV (RSTV) World Panorama: OPEC Slashes Output


Topic: OPEC Slashes Output

Episode: 353

Topic Description:

The Organisation of the Petroleum Exporting Countries or OPEC and non-OPEC oil producers on Friday agreed to jointly cut crude production by 1.2 million barrels a day from January 2019 for an initial period of six months.

The deal was reached after Iran, Venezuela and Libya were exempted from cutting down their output due to the political situation in these countries.

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Courtesy: RSTV