BAKU (Pakistan Point News / Sputnik - 10th April, 2020) If the new Declaration of Cooperation of OPEC+ enters into force, the OPEC member states will have to cut the oil output by 6.085 million barrels per day in May-June, while non-OPEC parties to the deal by 3.915 million, the Azerbaijani Energy Ministry told Sputnik on Friday.
On Thursday-early Friday, OPEC+ held talks on a new oil output cut deal, which resulted in the adoption of the Declaration of Cooperation that will be implemented only if Mexico agrees to sign the deal.� However, Mexico has withdrawn from the talks as it disagreed with the negotiated provisions of the deal.
"At this stage [May-June], the production commitments of the OPEC nations will amount to 6.085 million barrels per day, while those of non-OPEC parties to the deal to 3.915 million barrels per day," the ministry said.
