OPEC, allies agree to oil production cuts: Kuwait oil minister
Top oil-producing countries agreed Sunday to cut output aimed at boosting plummeting oil prices due to the coronavirus crisis and a Russia-Saudi price war.
"We announce completing the historical agreement to cut production by nearly 10 million barrels per day by OPEC+ members starting May 1," Kuweit Oil Minister Khaled al-Fadhel wrote on Twitter.
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First Published: Apr 13 2020 | 12:08 AM IST