Edition: Global  
One News Page
“Probably the fastest-access news portal in the world”
> >

OPEC agrees to cut output to push up oil prices

L.A. Times Wednesday, 30 November 2016
OPEC has agreed to cut its oil production for the first time in eight years in an effort to boost crude prices. 

The cartel will cut 1.2 million barrels a day from its present output after its 14 members put aside differences at a meeting Wednesday to agree on individual production levels. 

Share on
Share on
Post on 
Share by
Source: Business Video Online - < > Embed

News video: Oil rallies ahead of OPEC decision on output

Oil rallies ahead of OPEC decision on output 01:28

Oil prices rose 3 percent on Monday to their highest in three weeks, catching a lift from a weaker dollar, as OPEC appeared to be moving closer to agreeing an output cut when it meets next week. Hayley Platt reports.

Recent related news

Goldman Sachs: OPEC’s Influence On Oil Prices Is Dwindling

In a research note, Goldman Sachs has effectively demoted OPEC from a price setter to a mere inventory manager, with the cartel’s long-term control over...
OilPrice.com - Markets

Iraq Could Complicate OPEC Extension

Oil prices are refusing to budge this Friday, despite a large increase in the U.S. rig count and some bearish noises from OPEC.   (Click to enlarge) (Click to...
OilPrice.com - Markets

Oil drops on rising US drilling, steady OPEC supply

Oil prices fell today, with already-bloated markets pressured by rising US drilling activity and steady supplies from OPEC countries despite touted production...
RTE.ie - EntertainmentAlso reported by •VOA News

Crude oil slides after US inventories rise faster than expected

Crude oil slides after US inventories rise faster than expected
Oil prices fell to four-month lows on Wednesday after data showed U.S. crude inventories rising faster than expected, piling pressure on OPEC to extend output...
Business Insider - BusinessAlso reported by •OilPrice.com

You Might Like

Other recent news in Business

DOUGLAS CARSWELL quits Ukip to sit as an independentTesco set for big fine from prosecutors to settle accounting fraud SCANDAL
Gunman Surrenders After Fatal Shooting on LAS VEGAS StripGunshots fired in burglary of store at BELLAGIO in Las Vegas
Arrogate overcomes bad start to win $10m DUBAI WORLD CUPDubai WORLD CUP 2017: The race is on...
Brexit Chills EU’s 60TH ANNIVERSARY Celebration in RomeBELARUS Police Arrest Hundreds Defying Protest Ban
SCORES Protest Slaying of Journalist in Northern MexicoARCHIE MILLER headed to Indiana


Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2017 One News Page Ltd. All Rights Reserved.  |  About us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Privacy Policy  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  Help  |  Contact us  |  DMCA / Content Removal
How are we doing? Send us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter   FIND us on Google+