The Organization of Petroleum Exporting Countries (OPEC) and its allies vouch for extending the current production cut beyond June 2020.
- OPEC and associated members would meet in early June to discuss the direction of the production cut ahead, which was previously decided to be at 9.7 million barrels per day by OPEC and members, with OPEC+ scaling back the cuts to 7.7 million barrels per day from July till December 2020.
- On 11 May 2020, Saudi Arabia declared that it would voluntarily cut the oil output by another 1 million per barrel from June 2020.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.