According to Reuters, OPEC and Russia may curb up to 1.2 million barrels of oil per day.
Back in 2016, OPEC and Russia agreed to 18 months of production cuts to stabilize oil prices, and reduce a growing supply glut.
But in October 2018, oil production by OPEC member nations was back up above their...
According to Reuters, oil prices rallied after OPEC agreed to reduce output.
On the day, Brent crude oil rose almost $3 to $63.00 a barrel, while West Texas Intermediate gained $2.20, rising to $53.69..
According to Reuters, OPEC and its Russia-led allies moved closer on Friday to clinching a deal that would cut oil production by more than the market had expected. The producer club will curb output by..
Russian Energy Minister Alexander Novak was out on the wires in the last hour, via Reuters, saying that October is the reference month to start oil cuts as a... FXstreet.com - MarketsAlso reported by •Wall Street Journal •The News Articles