By Shanthi Rexaline OPEC+, a consortium comprising 22 oil-producing nations, announced Sunday an unexpected production cut that will likely give a further boost to oil prices bouncing off their recent lows. The combined cut announced by the oil consortium will be around 1.16 million barrels per day, according to media reports. Saudi Arabia will voluntarily cut output by 500,000 bpd from May until the end […]
The post OPEC+ Just Announced Oil Output Cuts In A Surprise Move. Here’s How It Could Really Affect You. first appeared on The Florida Star | The Georgia Star.
