Relevant Competitive Tests:
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___________?
A. 9.5 million B/D
B. 9.6 million B/D
C. 9.7 million B/DCorrect Answer
D. 9.8 million B/D
Correct Option: C. 9.7 million B/D
Detailed Explanation & Reference:
After four days of wrangling, OPEC, Russia and other oil-producing nations, a group known as OPEC+, agreed on Sunday, Apr 12, 2020 to cut output by a record amount of 9.7 million barrels per day, representing around 10% of global supply to support oil prices amid the pandemic.
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