At the G20 of Energy, hosted by videoconference from Saudi Arabia, a global agreement was reached that would give breath to the oil market depressed by the coronavirus and the price war between Riad and Moscow. The draft agreement reached yesterday by Opec +, which provides for a cut of 10 million barrels per day, should be accompanied by the agreement between the G20 members, the United States and Canada in particular. If all goes as investors hope, non-OPEC + countries should cut production by an additional 5 million a day, bringing the reduction to 15 million barrels.
(Vista Agency) Washington, April 10, 2020 Agreement in the OPEC area to reduce production volumes in order to stabilize world oil prices, Trump: “Mexico will cut 100 thousand barrels” Source White House Agenziavista.it
