The group, known as OPEC+, agreed to reduce output by 9.7 million barrels per day (bpd) for May-June, after four days of marathon talks and following pressure from U.S. President Donald Trump to arrest the price decline.
In the biggest oil output cut ever, the countries will keep gradually decreasing curbs on production in place for two years until April 2022
OPEC+ has said it wanted producers outside the group, such as the United States, Canada, Brazil and Norway, to cut a further 5% or 5 million bpd.
Link: https://www.foxbusiness.com/markets/opec-plus-deal-global-oil-supply-cut