OPEC allied Nations extended 10M barrel cut

Why is it in News?
  • OPEC and allied nations – agreed to cut 10 million barrel production per day – till July end
More on News
  • Move taken in the hope to boost energy prices
  • Energy prices are badly hit by COVID-19, particularly half of aviation operations
  • Before COVID-19, Russia and Saudi Global pricing war and negative price had taken toll of market





Posted by Jawwad Kazi on 7th Jun 2020