Most Read
Most Commented
mk-logo
News
Opec, Russia extend record oil cuts to end of July

Opec, Russia and allies agreed on Saturday to extend record oil production cuts until the end of July, prolonging a deal that has helped crude prices double in the past two months by withdrawing almost 10 percent of global supplies from the market.

The group, known as Opec+, also demanded countries such as Nigeria and Iraq, which exceeded production quotas in May and June, compensate with extra cuts in July to September.

Unlocking Article
Unlocking Article
View Comments
ADS