Details of oil production targets agreed with the 14 OPEC members and 10 participating countries have been published in an effort to promote investor confidence as prices continue to slide . Here's how much each of the countries in the deal will endeavor to keep off the market: Saudi Arabia and Russia take the biggest hit , cutting output by 300 and 230,000 barrels per day ( bpd ) , respectively , as OPEC aims to cut a total of 1.2 billion bpd . Iraq is also on record to cut supplies by 141,000 bpd , and the UAE is to curb production by 300 bpd .
Details of oil production targets agreed with the 14 OPEC members and 10 participating countries have been published in an effort to promote investor confidence as prices continue to slide . Saudi Arabia and Russia take the biggest hit , cutting output by 300 and 230,000 barrels per day ( bpd ) , respectively , as OPEC aims to cut a total of 1.2 billion bpd . Iraq is also on record to cut supplies by 141,000 bpd , and the UAE is to curb production by 300 bpd .