OPEC+ production cut agreement

GPTKB entity

Statements (32)
Predicate Object
gptkbp:instanceOf gptkb:treaty
gptkbp:affects petroleum industry
global energy markets
gptkbp:April_2020_cut 9.7 million barrels per day
gptkbp:April_2020_cut_duration May-June 2020
gptkbp:criticizedFor oil-importing countries
gptkbp:enforcedBy OPEC Secretariat
gptkbp:first_signed December 2016
https://www.w3.org/2000/01/rdf-schema#label OPEC+ production cut agreement
gptkbp:impact global oil market
gptkbp:involves gptkb:OPEC
non-OPEC oil-producing countries
gptkbp:negotiatedBy energy ministers
gptkbp:notable_revision April 2020
gptkbp:participants gptkb:Iraq
gptkb:Kazakhstan
gptkb:Kuwait
gptkb:Mexico
gptkb:Russia
gptkb:Saudi_Arabia
gptkb:United_Arab_Emirates
gptkbp:praised_by oil-exporting countries
gptkbp:purpose stabilize oil prices
balance oil supply and demand
gptkbp:relatedTo gptkb:OPEC
gptkb:COVID-19_pandemic
OPEC+
oil price volatility
gptkbp:renewable multiple times
gptkbp:subsequent_adjustments monthly meetings
gptkbp:bfsParent gptkb:Oil_price_war_between_Russia_and_Saudi_Arabia
gptkbp:bfsLayer 6