Saudi energy minister says OPEC+ effective oil cuts are 12.5 million bpd

The Saudi energy minister said on Sunday that effective oil supply cuts by OPEC and its allies, a group known as OPEC+, will amount to 12.5 million barrels per day, because of higher output in April from Saudi Arabia, the United Arab Emirates and Kuwait.

from Reuters: Business News https://ift.tt/2K1dtoQ