Recently, Opec + agreed to cut oil output by a record amount, representing around 10% of the global supply.As per the agreement the daily production will cut by___________?
Correct answer: C. 9.7 million B/D
- A. 9.5 million B/D
- B. 9.6 million B/D
- C. 9.7 million B/D
- D. 9.8 million B/D
Explanation
The initial OPEC+ agreement called for a record reduction of about 9.7 million barrels per day during May and June 2020. This represented roughly 10 percent of global oil supply.
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Global economy covers growth, inflation, interest rates, exchange rates, public debt, trade and employment across major economies. It also includes the work of the IMF, World Bank, WTO and central banks, along with oil and commodity prices, supply-chain disruptions, sanctions, trade agreements and the economic effects of international crises.
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