OPEC+ countries provided 108% of quota on reduction of oil production

OPEC+ countries provided 108% of quota on reduction of oil production
  • Clock-gray 12:51
  • calendar-gray 10 July 2020

In June of the year, OPEC+ countries (initiative on the reduction of oil output, covering OPEC members and non-member states), joined the agreement on reduction of daily oil production by 9.7 mln. barrels, have provided 108% of the quota, APA-Economics reports citing International Energy Agency (IEA) report.

According to the report, oil production, reduced by Saudi Arabia by additional 1 mln. barrel, has been included in the indicator.

Emil Ismayilov

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