- OPEC publishes production quotas for 24 nations participating in a production cutting deal.
- The so-called OPEC+ alliance aims to keep 1.2 million bpd off the market during the first six months of 2019.
Six weeks after agreeing to slash production, major oil producers are finally giving investors some clarity on exactly how much crude they'll take off the market.
OPEC on Friday released a table laying out production quotas for each of its 14 members and the 10 allied countries participating in the deal. The two dozen nations agreed last month to slash a combined 1.2 million barrels per day in order to prevent a repeat of the oil glut that caused crude prices to tank from 2014 to 2016.
However, over the following weeks, international benchmark Brent crude prices fell another 18 percent. The continued slide reportedly prompted OPEC to urge oil producers to publicly release their production quotas to boost the market's confidence in the cuts.
While oil prices have risen for the last three weeks, OPEC has nevertheless decided to publish the output levels under the deal, which runs through the first six months of 2019. The so-called OPEC+ alliance meets April 17-18 to assess the impact of the cuts.
Here's how much each of the countries in the deal will endeavor to keep off the market: