The Organization of the Petroleum Exporting Countries (OPEC) and Russia have decided to maintain crude oil production cuts.
Sunday, June 7, 2020
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According to a foreign news agency, the Organization of the Petroleum Exporting Countries (OPEC) and Russia have agreed to reduce oil production by about 1 million barrels a month.
According to the report, the supply has been reduced after the price of crude oil reached close to ڈالر 40 per barrel. According to AFP, Saudi Arabia and other oil-producing countries have decided to extend the reduction in oil production until July.
There are reports that both sides have taken this step under lockdown due to falling oil prices and the Corona virus.
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