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. 

The...
0
shares
Share on
Facebook
Share on
Twitter
Post on 
Reddit
Share by
Email
 
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.

You Might Like


Recent related news

Oil Stumbles Back To $50 Handle As Saudi/OPEC Jawboning Fails

Oil Stumbles Back To $50 Handle As Saudi/OPEC Jawboning Fails
Oil prices limped higher overnight as *desperate jawboning of OPEC production cut deal extensions by the Saudis *supported a recovery from yesterday's...
Zero Hedge - MarketsAlso reported by •Energy DailyOilPrice.com

Oil Prices Still Too Low To Allow Angola Balance Its Budget

Angola, whose economy is highly dependent on the oil industry and crude export revenues, needs a price of oil at around $85 per barrel in order to balance its...
OilPrice.com - MarketsAlso reported by •Energy Daily

US Continues Pumping Oil To Counteract China, OPEC: Report

US Continues Pumping Oil To Counteract China, OPEC: Report
While the United States continues its trend to add output of oil in an effort to counteract strong economic growth in China and OPEC efforts to cut production,...
WorldNews - Front Page

Why Brexit, Bombs And Trump Can’t Move Oil Prices

2017 hasn’t seen much volatility in oil prices, something we might not have expected with a new administration, a change in Fed policy, Brexit and a hundred...
OilPrice.com - Markets

U.S. Shale Surging, But Oil Holds Steady

Rising production in the two biggest U.S. shale basins and Saudi Arabia's newly ambiguous stance on the OPEC deal extension have resulted in oil prices falling...
OilPrice.com - Markets

Global oil prices are linked to US shale, expert says

US shale producers have become more significant than OPEC in terms of their influence on global oil prices, Mark Tinker of AX -More- 
SmartBrief - BusinessAlso reported by •OilPrice.com

OPEC panel recommends six-month extension of oil output cuts - source

LONDON (Reuters) - An OPEC and non-OPEC technical committee recommended that producers extend a global deal to cut oil supplies for another six months from June,...
Reuters India - Front Page

How Far Will OPEC Go For $60 Oil?

Back in February sources from OPEC told media that Saudi Arabia is aiming for oil prices of $60 as the optimal price to encourage fresh investments in...
OilPrice.com - Markets


Other recent news in Business

Just how much would four extra BANK HOLIDAYS cost?Polling station evacuated in FRANCE due to suspicious vehicle
Actress ERIN MORAN of ‘Happy Days’ Dies at 56Author, Conservationist KUKI GALLMANN Wounded in Kenya
Chelsea edge past TOTTENHAM to enter FA Cup finalConcert Promoter Alleges Fraud in Planning for PRINCE Tribute
IMF and World Bank drop protectionism and CLIMATE CHANGE from closing statementGST reflects the spirit of &#039;one nation, one aspiration, one determination&#039;: NARENDRA MODI
DWAYNE BRAVO ruled out of IPL 2017Supply Ship Named for JOHN GLENN Arrives at Space Station

Twitter

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+