Record deal to cut oil output ends price war

Image copyright TASS / Getty Images Image caption The deal represents the largest cut in oil production ever agreed

Opec producers and allies have agreed a record oil deal that will slash global output by about 10% after a slump in demand caused by coronavirus lockdowns.

The deal, agreed on Sunday via video conference, is the largest cut in oil production ever to have been agreed.

Opec+, made…

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