MOSCOW (Sputnik) – The African Petroleum Producers Organization (APPO) said in a statement on Saturday that its members had committed to cutting daily oil production in line with the limit set by the OPEC-non-OPEC deal.
The Organisation of the Petroleum Exporting Countries (OPEC) and non-cartel producers have earlier agreed to a three-stage collective output cut by 10 million barrels per day effective May in a bid to stabilise the oil market prices after they had hit multi-year lows over the past several weeks.
Sourse: sputniknews.com
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