Click to see the full-size image
Recently, OPEC and allies agreed to a record cut in output to prop up oil prices amid the COVID-19 outbreak and the ongoing Saudi-led offensive on the oil market. The group, known as OPEC+, said it had agreed to reduce output by 9.7 million barrels per day (bpd) for May and June.
The numbers below provide a closer look at the deal:
IMAGE: marketscreener.com
IMAGE: marketscreener.com
IMAGE: marketscreener.com
