User settings
+7 (701) 759 90 19 Лента
USD 377.33 EUR 424.68
RUB 5.92 CNY 56.17
News

OPEC+ countries to cut oil production in 2019

8 December 2018 09:48 503
Share in:
OPEC+ countries to cut oil production in 2019

ASTANA. KAZINFORM Minister of Energy of Kazakhstan Kanat Bozumbayev participated in the 5th OPEC+ Ministerial Meeting in Vienna.

Related news

As the Energy Ministry's press service informed, the OPEC+ member states agreed to cut oil production from January to June 2019. The agreement aims at retaining balance of the world's oil market and keeping the current reserves of the OECD countries at the five-year average level.

Thus, the total oil output in OPEC+ countries will be cut by 1.2mln bpd (by 800,000bpd for OPEC countries, by 400,000bpd for non-OPEC countries) or from 2% to 2.5% for each country.


Share in:
Employees online
Editor
Tatyana Kudrenok
Tatyana Kudrenok
954-048
Archive