The OPEC+ deal that’s supporting oil prices could save millions of U.S. jobs, according to the chief executive of Russian sovereign wealth fund RDIF.
After days of discussion, OPEC and its allies reached an agreement on Sunday to cut production by a record 9.7 million barrels per day. It will be in effect from May 1 to the end of June, following which restrictions will be loosened.
The alliance will also meet on June 10 to reassess the situation.