The agreement, which reduces production to eight million bpd from July to December, depends on Mexico's support for it to take effect, the oil cartel said after a videoconference.
OPEC says top oil producers except Mexico agree to output cuts
Major oil producers except Mexico agreed to cut output in May and June by 10 million barrels per day, OPEC said on Friday, after marathon talks to counter a collapse in prices.
RECENT STORIES
Jeep, Citroen to Raise Prices in India from April 30
₹53,350 Crore Takeover: IBM Acquires Cloud Software Provider HashiCorp
Which Countries Have Inheritance Tax? From Japan To Belgium, Here's The Complete List
Prominent Sectors That Investor Should Have Keen Eye On Amidst Changing Regimes
SBI-SG Global Securities Services Pvt. Ltd. Honored With 'Best Road Safety Project Of The Year'...
