OPEC + reached the largest production reduction agreement in history and reduced production by 9.7 million barrels per day in May and June

Zhongxin client April 13 (Zhang Xu) Saudi Arabia hosted the OPEC + emergency video conference in the early hours of April 13, Beijing time. The participating countries finally reached an agreement to reduce production. From May to June this year, the output reduction will be 9.7 million barrels per day. From July to the end of the year, the output reduction will be reduced to 7.7 million barrels per day. From January 2021 to April 2022, the output reduction will be It fell to 5.8 million barrels per day. This is also the largest production reduction agreement reached since the establishment of the OPEC + mechanism. Affected by this, international oil prices rose. As of press time, WTI crude oil rose 5.36% to $ 23.98 per barrel, and London Brent crude oil rose 3.30% to $ 32.87 per barrel.