Oman Joins OPEC+ Pact, Slashes Oil Production by 200,000 bpd

  • Date: 14-Apr-2020
  • Source: Al Bawaba
  • Sector:Oil & Gas
  • Country:Oman
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Oman Joins OPEC+ Pact, Slashes Oil Production by 200,000 bpd

On Tuesday, oil prices rose more than 1% after the main US energy forecasting agency predicted shale output in the world's biggest crude producer would fall by the most on record in April, adding to cuts from other major producers.. Gulf oil producer Oman is a member of the OPEC+ alliance..