Since the start of April Brent has nearly doubled, propped up by the unprecedented production cut of 9.7 million barrels per day.

Oil climbs over 2% after OPEC deal

OPEC and its allies led by Russia will meet on Saturday to discuss extending record oil production cuts and to approve a new approach that aims to force laggards such as Iraq and Nigeria to comply better with the existing curbs.

OPEC+ to meet on Saturday on extending cuts, pushing for compliance

An unprecedented humanitarian catastrophe - Oil wars, a failing economy, the risk of COVID-19 with a collapsed health care system, dictatorship, drug trafficking, terrorism, complex internal politics and the interests of global powers in a South American nation; might seem like the plot of a fictional movie however it is a stark reality in Venezuela.

In the wake of the historic OPEC deal, the country with the World’s largest oil reserves struggles to survive

The oil producting countries have finally agreed upon a production cut. As per the historic deal signed today, 10 per cent of the global oil supply would be cut.

EXPLAINED: What is the historic oil deal all about?

opec-deal

Opec Deal, News on Opec Deal, stories on Opec Deal, articles on Opec Deal, Opec Deal stories at Wion, Opec Deal news, Opec Deal latest news

opec deal

Oil climbs over 2% after OPEC deal

OPEC+ to meet on Saturday on extending cuts, pushing for compliance

In the wake of the historic OPEC deal, the country with the World’s largest oil reserves struggles to survive

EXPLAINED: What is the historic oil deal all about?