Beijing Wednesday evening, Organization of Petroleum Exporting Countries (OPEC, OPEC) announced that it would reduce daily oil production quota of 2.2 million barrels a day, the history of the organization's largest one-time reduction measures. Given the current high oil prices than the nearly 150 U.S. dollars a barrel more than 70% of the shrinking, OPEC hopes that the adoption of measures to improve oil production.
OPEC said in a statement that the cuts announced measures to enable the global market means that the supply of crude oil per day in September to reduce the basis of 4.2 million barrels a day. Prior to OPEC in September announced a daily oil production quota will be reduced by 50 million barrels in November this year this figure will be cut by 150 million barrels per day.
Coupled with the production, today announced measures to 2.2 million barrels per day, since the end of September since OPEC announced a total production figure of 4.2 million barrels a day.
OPEC President, Algerian Oil Minister Chakib - Chakib Khelil (Chakib Khelil) said that the size of the accumulated output is "2.2%."
OPEC comprises 13 member States, the current official of the organization's daily oil production quota of 2,904,500 barrels.