OPEC Agrees to Cut by 1.2M Barrels a Day: Delegate

OPEC has reached an agreement to cut oil production by 1.2 million barrels per day, reducing output to 32.5 million barrels daily. The agreement, reached after months of negotiations, involves key players like Saudi Arabia and Iraq, while Iran is exempt from cuts. The market is now focused on how non-OPEC countries, such as Russia, will contribute to the cuts and how the agreement will be implemented and monitored to ensure compliance.

What is the new target for OPEC's daily oil output after the recent agreement?

• 30 million barrels

• 32.5 million barrels

• 35 million barrels

• 40 million barrels

Which country is not required to cut its oil production according to the agreement?

• Saudi Arabia

• Russia

• Iraq

• Iran

What is the main challenge for the oil market after the OPEC agreement?

• Finding new oil reserves

• Increasing oil prices

• Reducing oil consumption

• Implementing and monitoring the cuts

How much is Russia expected to cut from its oil production?

• 100,000 barrels

• 200,000 barrels

• 300,000 barrels

• 400,000 barrels

What is the total amount non-OPEC members are expected to cut?

• 400,000 barrels

• 500,000 barrels

• 600,000 barrels

• 700,000 barrels