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Analytics, News, and Forecasts for CFD Markets: raw news — 10-04-2020.
- Subsequently, oil production cut will be 8 mb/d for 6 months - from July 1 to December 30 this year
- After, oil output cut will be 6 mb/d for 16 months - from January 1 of 2021 to April 30 of 2022
- Baseline for calculation of adjustments will be production levels of October 2018; for Russia and Saudi, baseline level will be 11.0 mb/d production level
- Extension of the decision will be reviewed in December 2021
- Agreement is conditional on the consent of Mexico
| Raw materials | Closed | Change, % |
|---|---|---|
| Brent | 30.6 | -5.67 |
| WTI | 22.19 | -12.36 |
| Silver | 15.33 | 2.82 |
| Gold | 1682.5 | 2.29 |
| Palladium | 2155.38 | -0.15 |
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