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  • In June, OPEC Cut Oil Output By 1.45 Million Barrels Per Day
On June 29, OPEC cut oil output in June by 1.25 million barrels per day (bpd) as part of its supply restraint agreement. OPEC had agreed from May to cut oil supply by more than 6 million bpd, with their current supply remaining 1.55 million bpd away from compliance.

In June, OPEC Cut Oil Output By 1.45 Million Barrels Per Day

On June 29, OPEC cut oil output in June by 1.25 million barrels per day (bpd) as part of its supply restraint agreement. OPEC had agreed from May to cut oil supply by more than 6 million bpd, with their current supply remaining 1.55 million bpd away from compliance.

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