Oil prices up 2% after output cut, but demand worries weigh
April 13, 2020Wall Street slides as investors brace for dour earnings
April 13, 2020Explainer: Big cuts in oil production from OPEC and others
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Worldwide oil producers, led by OPEC, are expected to cut production by roughly 20 million barrels per day (bpd), roughly equal to 20% of global daily supply, through a combination of mandated cuts, production falls due to poor economics, and purchases into oil reserves.
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