END OF OIL WAR

END OF OIL WAR What just happened? 🤔 Saudi Arabia and Russia have struck a deal with other major oil producing countries to slash production as they attempt to stabilize a market that has been upended by the corona virus ( covid 19). Members of OPEC and their allies including Russia and Mexico, announced that they have agree to cut production by 9.7 million barrels a day in May and June. The deepest cut ever agreed to by the World's oil producers: After that the group will steady ramp up production until the agreement expires in April 2020. Now we will discuss about OPEC and OPEC plus countries. The full name of OPEC is Organization of Petrole...