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OPEC to publish quotes for new output cut deal – TASS

The Organization of the Petroleum Exporting Countries (OPEC) is planning to publish quotas for individual countries under the new OPEC/non-OPEC production cut deal, the cartel source told Russian news agency TASS on Monday.  

The new deal took effect on Jan. 1 and will last until June 2019. During that time period, the OPEC and its allies will remove a total 1.195 million barrels per day (bpd) off the market and keep production at 43.874 million bpd, according to TASS.

 

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