OPEC-non-OPEC To Cut Oil Output By 1.2 Mln Bpd During H1 2019 - Iraqi Minister

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OPEC-non-OPEC to Cut Oil Output by 1.2 Mln Bpd During H1 2019 - Iraqi Minister

OPEC member states, under the OPEC-non-OPEC deal, will cut oil production by 800,000 barrels per day, the remaining participants of the deal - by 400,000 barrels per day, Iraqi Oil Minister Thamir Ghadhban told reporters Friday.

VIENNA (UrduPoint News / Sputnik - 07th December, 2018) OPEC member states, under the OPEC-non-OPEC deal, will cut oil production by 800,000 barrels per day, the remaining participants of the deal - by 400,000 barrels per day, Iraqi Oil Minister Thamir Ghadhban told reporters Friday.

He said the deal would be valid from January 2019 for six months. The next meeting of the OPEC-non-OPEC Joint Ministerial Monitoring Committee (JMMC) would take place in April.

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