April 12, 2020 / 6:16 PM / 2 months ago

Kazakhstan confirms global deal to cut oil output by 9.7 million bpd

NUR-SULTAN (Reuters) - Kazakhastan’s Energy Ministry said on Sunday it confirmed reports that the OPEC+ group of countries had agreed to cut the global oil output by 9.7 million barrels per day for two months starting on May 1.

Two OPEC+ sources told Reuters earlier on Sunday that the group, known as OPEC+, agreed to reduce output by 9.7 million barrels per day for May-June after a compromise with Mexico.

Reporting by Tamara Vaal; writing by Andrey Ostroukh; Editing by Alison Williams

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