About: http://data.cimple.eu/news-article/5ea62e5b27dd1fadac6925bc54357f608e77679b24bb1a4a831a3ccc

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About: http://data.cimple.eu/news-article/5ea62e5b27dd1fadac6925bc54357f608e77679b24bb1a4a831a3ccc Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Top oil-producing countries agreed Sunday to cut output n order to boost plummeting oil prices due to the coronavirus crisis and a Russia-Saudi price war. Kuwait Oil Minister Khaled al-Fadhel tweeted that, following extensive efforts, "we announce completing the historical agreement to cut production by nearly 10 million barrel per day by OPEC+ members starting May 1". Mexico's Energy Minister Rocio Nahle said on Twitter the agreement was for "an oil reduction of 9.7 million barrels from May." OPEC producers, dominated by Saudi Arabia, and allies led by Russia, met via videoconference for an hour Sunday in a last-ditch effort to cement an accord struck early Friday that hinged on Mexico's agreement. Azerbaijan's energy ministry said in a statement earlier Sunday that "the meeting will take place in the framework of consultations resulting from the meeting on April 9 of ministers from OPEC and non-OPEC countries". Sunday's meeting was chaired by Saudi Energy Minister Prince Abdulaziz bin Salman and Russian Energy Minister Alexander Novak. Initially reticence from Mexico to introduce output cuts had led to a standoff that cast doubt on efforts to bolster oil prices, pushed to near two-decade lows by the demand-sapping pandemic and a Saudi-Russia price war that rattled global markets. Oil prices have slumped since the beginning of the year due to the COVID-19 pandemic. Compounding the problem, Russia and Saudi Arabia had both ramped up output in a bid to hold on to market share and undercut US shale producers. The production cut deal marks a possible end of the price war between Riyadh and Moscow. burs-jza/pvh
schema:headline	Top oil producers agree on deal to cut output
schema:mentions	Videotelephony 2009 flu pandemic Gun barrel OPEC Riyadh Cement World energy consumption Azerbaijan Prince Kuwait Moscow Saudi Arabia Mexico Russia Twitter Coronavirus Khaled bin Talal bin Abdul Aziz Al Saud Ministry of Energy (Russia) Abdulaziz bin Salman Al Saud Alexander Novak Tight oil Price war PVH (company)
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-04-12 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	82 (xsd:integer)

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