Oil-price stability

  • OPEC+ Set to Loosen Record Cuts in August

    OPEC+ Set to Loosen Record Cuts in August

    Thursday, 16th July 2020

    The Organization of the Petroleum Exporting Countries and its allies (OPEC+) are set to ease the record 9.7-million barrels per day (mmbbl/d) production cuts as of August as demand has seen a continual rise, Saudi Arabia’s Energy Minister, Prince Abdulaziz Bin Salman, said at an OPEC+ meeting.