TNPSC Thervupettagam

Oil production cuts

April 9 , 2023 598 days 392 0
  • Saudi Arabia and other OPEC+ members are going to reduce oil production amounting to around 1.16 million barrels per day.
  • The move, according to the countries, is aimed at market stability.
  • This group consist of 23 oil-producing countries.
  • They had reduced its collective output by two million barrels per day in the previous year.

Leave a Reply

Your Comment is awaiting moderation.

Your email address will not be published. Required fields are marked *

Categories