OPEC+ production cut agreement

GPTKB entity

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
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:March_2020_oil_price_war gptkb:2020_oil_price_war gptkb:Oil_price_war_between_Russia_and_Saudi_Arabia
gptkbp:bfsLayer	8
https://www.w3.org/2000/01/rdf-schema#label	OPEC+ production cut agreement