Oil Global supply

  • OPEC+ Decisions Could Curb Oil Supply by 20%

    OPEC+ Decisions Could Curb Oil Supply by 20%

    Monday, 13th April 2020

    The Organization of the Petroleum Exporting Countries and its allies (OPEC+) announced yesterday to cut oil production by 10 million barrels per day (mmbbl/d) effectively from May 1 through June 30, curbing global oil supply by 20%.