‘Actual’ cuts in the oil market are over 15 million barrels per day: Russian wealth fund

From cnbc.com Watch this video at https://www.energyexch.com/news/992466-actual-cuts-in-the-oil-market-are-over.

If supply declines from other countries such as the U.S., Norway and Brazil are included, the “actual” cuts in the oil market will exceed 15 million barrels per day, far larger than the confirmed OPEC+ agreement to reduce output by 9.7 million daily barrels, says Kirill Dmitriev, CEO of the Russian Direct Investment Fund.