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Non-OPEC Countries Agree to Cut Oil Production By 612,000 BPD
Non-OPEC Countries Agree to Cut Oil Production By 612,000 BPD
Sputnik International
Russia agreed to cut oil production by 300,000 barrels per day, Mexico - by 100,000 barrels per day and Kazakhstan - by 50,000 barrels per day, according to... 10.12.2016, Sputnik International
2016-12-10T14:46+0000
2016-12-10T14:46+0000
2022-08-06T11:12+0000
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Non-OPEC Countries Agree to Cut Oil Production By 612,000 BPD
14:46 GMT 10.12.2016 (Updated: 11:12 GMT 06.08.2022) Russia agreed to cut oil production by 300,000 barrels per day, Mexico - by 100,000 barrels per day and Kazakhstan - by 50,000 barrels per day, according to the Nigerian Ministry of Petroleum Resources.
MOSCOW (Sputnik) — Non-OPEC countries have agreed to cut oil production by 612,000 barrels per day at a meeting in the Austrian capital of Vienna, the Nigerian Ministry of Petroleum Resources said on Saturday.
"We are glad to report that the OPEC and non-OPEC Ministerial Meeting yielded positive results. #OOTT," the ministry said on Twitter.
10 December 2016, 13:05 GMT
According to the ministry's Twitter account, Russia agreed to cut oil production by 300,000 barrels per day, Mexico — by 100,000 barrels per day and Kazakhstan — by 50,000 barrels per day.
The meeting of non-OPEC countries took place in Vienna earlier in the day, after OPEC countries agreed to cut oil production by 1.2 million barrels per day on November 30.
