Jon Gambrell and Ellen Knickmeyer

Government, Business, Fuel

OPEC, Oil Nations Agree to Nearly 10 Million Barrel Cut Amid Virus

In this photo released by Saudi Energy Ministry, Prince Abdulaziz bin Salman Al-Saud, Minister of Energy of Saudi Arabia, third right, chairs a virtual summit in Saudi Arabia on April 10. Prince Abdulaziz bin Salman Al-Saud, Minister of Energy of Saudi Arabia, third right, chairs a virtual summit of the G20 energy ministers in Saudi Arabia on April 10. (Saudi Energy Ministry via AP)

OPEC, Russia and other oil-producing nations on April 12 finalized an unprecedented production cut of nearly 10 million barrels, or a tenth of global supply, in hopes of boosting crashing prices amid the coronavirus pandemic and a price war, officials said.

April 13, 2020