International | Apr 8th-Apr 14th | Will Oil Production Cuts Be Enough?
Global Oil War Comes to a Close: Last Thursday, April 9th, twenty-three countries met led by Russia and Saudi Arabia, in efforts to end the "oil war" that had been in full swing since early March. On that day, production cuts were initially rejected by Mexico, but come April 12th, the deal was finalized. OPEC+ nations are to reduce output by 9.7m barrels per day in the months of May and June, or about 10% of global output. The countries, while not required to as per the deal, are likely to h
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