The OPEC oil cartel and its cooperation partners agreed on Sunday to produce significantly less oil. Worldwide, the amount of oil will be cut by around ten percent. One hopes this will lead to an increase in the oil price, which has plummeted due to the corona crisis. After a compromise with Mexico, the round called heavyweight Saudi Arabia and Russia called OPEC + announced that 9.7 million barrels (159 liters each) would be produced less from May to June.
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