OPEC and its allies will add 400,000 barrels per day each month until all the 5.8 million bpd of halted output is restored.
The UAE's output baseline — an earlier sticking point — was raised to 3.5 million bpd, still below the level it had demanded.
Reaction: Goldman said the deal will keep the market in deficit; Citi sees the increase as a "pittance" given tight conditions.
The UAE's output baseline — an earlier sticking point — was raised to 3.5 million bpd, still below the level it had demanded.
Reaction: Goldman said the deal will keep the market in deficit; Citi sees the increase as a "pittance" given tight conditions.