OPEC+ reaches historic deal to cut global oil production amid falling prices

[tacobell fan]

After several days of meetings, the Organization of the Petroleum Exporting Countries (OPEC) and allied producers passed a record deal to cut 9.7 million barrels per day starting in May as global demand has dropped amid the coronavirus outbreak. Mexico agreed to cut 100,000 barrels per day after President Trump pledged to also reduce US production.

[aragorn]

useless unless demand also picksup 

[acuman]

4 minutes ago, aragorn said:

useless unless demand also picksup 

Yup. That to this prod cut is not immediate though wait time of 20+ days and starts on May-1

[TrollBait]

awwww.....

free market couldn't make them do it without 'historic deals' aa?

lol.

[pahelwan]

USO perigidha repu aithe

[tacobell fan]

5 hours ago, pahelwan said:

USO perigidha repu aithe

calls pettu 

[tacobell fan]

OPEP + ministers try to convince Mexico to cut oil production by 400,000 barrels per day: OPEP source.