OPEC + decides to make additional cuts to production

International agencies reported this Tuesday afternoon (05) that the Organization of the Petroleum Exporting Countries and Allies (OPEC +) reached an agreement on the policy of cutting production after two days of negotiations amid the COVID-19 pandemic. and economic uncertainties. Member countries were surprised by the announcement that Saudi Arabia will cut its production by 1 million barrels per day (bpd) in February. Despite this, there will be an increase in production from Russia and Kazakhstan, totaling 75,000 bpd.

This text was translated by machine from Brazilian Portuguese.