OPEC+ Nations Led By Saudi Arabia & Russia Hammer Out Deal To Prop Up Crude Oil Price, Receive Praise From Donald Trump

Team Latestly Apr 21, 2020 07:07 PM IST

As oil prices settled at multi-decade lows due to the Coronavirus Pandemic, OPEC+ countries led by Saudi Arabia and Russia hammered out a production-cut deal. The deal involved a crude-oil production cut of 9.7 million barrels per day from May. The deal was appreciated by US President Donald Trump who said it would save thousands of jobs in the energy sector.

(The above story first appeared on LatestLY on Apr 13, 2020 06:28 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).

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Coronavirus Coronavirus Pandemic COVID 19 Donald Trump india Lockdown Lockdown oil-producing nations OPEC Countries Russia Saudi Arabia US president

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