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 total amount of oil output that OPEC agreed to cut per day?

What is the target oil output that OPEC is trying to reach?

Which country is mentioned as not cutting its oil output?

What is the biggest question regarding oil prices that needs to be answered?

How are OPEC countries planning to implement and monitor the agreed cuts?