3636World Current AffairsMedium
Recently, Opec + agreed to cut oil output by a record amount, representing around 10% of the global supply.As per the agreement the daily production will cut by___________? (As reported on 21 April 2020)
A9.7 million B/D
B9.5 million B/D
C9.8 million B/D
D9.6 million B/D
Correct answer
A. 9.7 million B/D
Explanation
After four days of wrangling, OPEC, Russia and other oil-producing nations, a group known as OPEC+, agreed on Sunday, Apr 12, 2020 to cut output by a record amount of 9.7 million barrels per day, representing around 10% of global supply to support oil prices amid the pandemic.