Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Al Jazeera
Al Jazeera
World
Osama Bin Javaid

Oil production cuts: Agreement comes into effect on Friday

Oil production cuts: Agreement comes into effect on Friday

An agreement among the world's major oil producers to cut output comes into effect on Friday.

It follows a collapse in global oil prices, spurred by a slump in demand because of the coronavirus pandemic.

It seems the deal may have happened only because US President Donald Trump reportedly pressured Saudi Arabia, implying the United States may withdraw military support.

Al Jazeera's Osama Bin Javaid reports.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.