Production

Major producers begin to implement historic supply cuts

Opec and allied producing nations begin work on production deal that aims to run to 30 April 2022

Mind the gap: Opec+ producers may have reached a historic deal to knock millions of barrels a day off production, but the oil market remains in dangerous waters as supply vastly outstrips demand.
Mind the gap: Opec+ producers may have reached a historic deal to knock millions of barrels a day off production, but the oil market remains in dangerous waters as supply vastly outstrips demand.Photo: RYTIS DAUKANTAS/UPSTREAM
  • Nassir Shirkhani
London
OpecRussiaDonald TrumpSaudi ArabiaOil price
Published 15 April 2020, 13:56Updated 15 April 2020, 15:24