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OPEC+ production cut agreement
URI:
https://gptkb.org/entity/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