- OPEC Agrees to Cut Oil Output by 0.8Mln BpD for 6 Months Starting January- Press Release
OPEC Agrees To Cut Oil Output By 0.8Mln BpD For 6 Months Starting January- Press Release
Faizan Hashmi 7 days ago Fri 07th December 2018 | 10:13 PM
The Organisation of the Petroleum Exporting Countries (OPEC) agreed to lower its oil output for six months by 0.8 million barrels per day from October 2018 levels, starting January, the OPEC press release said Friday.
"The conference decided to adjust OPEC overall production by 0.8 million barrels per day from October 2018 levels effective as of January 2019 for initial 6 months with the review in April," the OPEC press release read at the OPEC-non-OPEC press conference after the ministerial talks said.