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World Oil prices Plummeted, AKR: No Impact on Profitability

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Berita Terkini
World Oil prices Plummeted, AKR: No Impact on Profitability

saudi Arabia took a number of steps after Russia on Friday (6/3) strongly reject the proposal of production cuts by the Organization of Petroleum Exporting Countries (OPEC). Whereas, the plan claimed as the efforts of OPEC to stabilize oil prices in the middle of the threat of the downfall of the world economy due to the outbreak of corona virus.

saudi Arabia stated, will increase production more than 10 million barrels per day (bpd) in April. This as a the response after the agreement of restriction of production between OPEC and Russia or OPEC + ends in March.

the Country will also cut the selling price of crude oil for the period of April to all levels of crude oil and to all destinations with prices ranging from US$ 6 to US$ 8 per barrel.

this Article has been published in Katadata.co.id with the title "World Oil Prices Plummeted, AKR: No Impact on Profitability" , https://katadata.co.id/berita/2020/03/09/harga-minyak-dunia-anjlok-akr-tak-berdampak-pada-profitabilitas
Author: Verda Nano Setiawan
Editor: Happy Fajrian

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