Russia accounted for 26 percent of the total oil output cut within the OPEC+ deal in May and June 2020. The deal was agreed on in April 2020 after a sharp fall in oil demand due to the COVID-19 pandemic and an oil price war between Russia and Saudi Arabia that resulted in a collapse of the previous deal. Compared to the first three months of that year, Russia's share in the output reduction increased by eight percent.
Distribution of the oil output cut within the OPEC+ deal from 2017 to June 2020, by country
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Argus Media. (April 1, 2020). Distribution of the oil output cut within the OPEC+ deal from 2017 to June 2020, by country [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1123987/opec-deal-oil-output-cut-share-by-country/
Argus Media. "Distribution of the oil output cut within the OPEC+ deal from 2017 to June 2020, by country." Chart. April 1, 2020. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1123987/opec-deal-oil-output-cut-share-by-country/
Argus Media. (2020). Distribution of the oil output cut within the OPEC+ deal from 2017 to June 2020, by country. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1123987/opec-deal-oil-output-cut-share-by-country/
Argus Media. "Distribution of The Oil Output Cut within The Opec+ Deal from 2017 to June 2020, by Country." Statista, Statista Inc., 1 Apr 2020, https://www.statista.com/statistics/1123987/opec-deal-oil-output-cut-share-by-country/
Argus Media, Distribution of the oil output cut within the OPEC+ deal from 2017 to June 2020, by country Statista, https://www.statista.com/statistics/1123987/opec-deal-oil-output-cut-share-by-country/ (last visited November 21, 2024)
Distribution of the oil output cut within the OPEC+ deal from 2017 to June 2020, by country [Graph], Argus Media, April 1, 2020. [Online]. Available: https://www.statista.com/statistics/1123987/opec-deal-oil-output-cut-share-by-country/
