Members of the Organization of the Petroleum Exporting Countries (OPEC) agreed on November 30 to cut the groups crude oil production by 1.2mbd in their November 30 meeting in Vienna.
Two months ago in Algiers an agreement was outlined based on which the OPEC and non-members were obliged to cut their productions in order to stabilize the market.
The Parliament currently has 290 representatives, changed from the previous 272 seats since the 18 February 2000 election. The most recent election took place on 26 February 2016 and the new parliament was opened on 28 May 2016.
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