OctaFX | OctaFX Forex Broker
Open trading account
Back

OPEC to publish quotes for new output cut deal - TASS

The Organization of the Petroleum Exporting Countries (OPEC) is planning to publish quotas for individual countries under the new OPEC/non-OPEC production cut deal, the cartel source told Russian news agency TASS on Monday. 

The new deal took effect on Jan. 1 and will last until June 2019. During that time period, the OPEC and its allies will remove a total 1.195 million barrels per day (bpd) off the market and keep production at 43.874 million bpd, according to TASS.

 

PBOC cut RRR rate, plans to monetary policy more forward-looking, flexible and targeted

Reuters reports the latest announcement from the People’s Bank of China, stating that it has slashed the Reserve Requirement Ratio (RRR). It’s worth
Read more Previous

China’s Finance Ministry: Will boost the fiscal expenditure in 2019

Following the monetary stimulus efforts rolled out by the People’s Bank of China (PBOC), the Chinese Finance Ministry came out with a statement, citin
Read more Next
Start livechat