Ten Things You Need to Know Today: Monday 13 Apr 2020

1. Oil producers agree record oil cut

Oil-producing nations finally agreed to end the oil war that has ramped up crude output even as the coronavirus pandemic has decimated demand. Oil prices have been plummeting as a result, but on Sunday a coordinated effort from Saudi Arabia, Russia, and the United States - the world’s three biggest oil sellers - led to a commitment to cut nearly 10 million barrels per day from the global supply. At about 10 percent of global supply, this is the largest cut ever agreed.

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William Gritten

William Gritten is a London-born, New York-based strategist and writer focusing on politics and international affairs.