AJOT Newsroom
| April 15, 2020
| Energy
The elephants in the digital room had reached a compromise. Russia had agreed, Saudi Arabia too, and with them almost all of the other oil producers of the OPEC+ alliance were ready to seal a deal that would translate into the largest-ever agreement by the group to reduce its oil output. However, a sole country resisted the pressure, dragged the meeting into the late hours and stood its ground, eventually succeeding in cutting what Rystad Energy estimates will in effect be at most 50,000 barrels per day(bpd).
