OPEC+ announced a plan to cut supplies to the global economy by 100,000 barrels per day next month, which reverses their September increase by the same amount.
and its allies
The October cut essentially reversed the group's September increase by the same amount. Monday's move also comes after comments from Saudi Arabia’s energy minister that the group could reduce output at any time. An oil pumping jack, also known as a"nodding donkey", in an oilfield near Dyurtyuli, in the Republic of Bashkortostan, Russia, on Thursday, Nov. 19, 2020.
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