Opec and its allies have agreed on major cuts in production, by 9.7 million barrels per day, and the cartel believes an improvement is on the horizon. — Reuters pic
The world oil market was thrown into disarray earlier this year as lockdown measures imposed by governments to slow the spread of the coronavirus led to plunge in demand just as crude producers had been stepping up output in a war for market share.But Opec and its allies have agreed on major cuts in production, by 9.7 million barrels per day, and the cartel believes an improvement is on the horizon.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Opec sees oil market already rebalancing | The Malaysian InsightThis comes days after some members voluntarily increase production cuts.
Source: msianinsight - 🏆 8. / 63 Read more »
Opec sees oil market already rebalancingThe easing of restrictions, massive stimulus programmes could now help the market bounce back. FMTNews Opec
Source: fmtoday - 🏆 5. / 72 Read more »
Opec sees oil market already rebalancing | The Malaysian InsightThis comes days after some members voluntarily increase production cuts.
Source: msianinsight - 🏆 8. / 63 Read more »
Opec sees oil market already rebalancingThe easing of restrictions, massive stimulus programmes could now help the market bounce back. FMTNews Opec
Source: fmtoday - 🏆 5. / 72 Read more »
MPOB: Technology is way forward for palm oil industry | Malay MailKUALA LUMPUR, May 13 — Oil palm yield and by-products can be enhanced by 23 per cent from 19 per cent through upgrading and improving the technology at the plantation and production level, according to the Malaysian Palm Oil Board (MPOB). MPOB director-general Ahmad Parveez Ghulam Kadir described...
Source: malaymail - 🏆 1. / 86 Read more »