Global  Video

“The world's speediest news portal”
One News Page
> >

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.

Recent related news

OPEC And Shale Keep Oil Prices Between $60-$75

The interaction between U.S. shale and OPEC will continue to be the dominant narrative in the oil market this year, and the opposing forces could end up trapping...
OilPrice.com - Markets

Is Nigeria Breaking Its Promise To OPEC?

As OPEC allies push to restrict oil output in an international attempt to bolster crude prices, Nigerian producers are heading in the opposite direction,...
OilPrice.com - Markets

Saudi Arabia Wants $70 Oil

As the global oil inventory surplus narrows and the goal of the OPEC cuts is within reach, the oil cartel is mulling a change in the way it defines success, with...
OilPrice.com - Markets

Russia May Feel Pinch From Oil Cut Deal This Year

Russia’s economy may come to feel a negative impact from the OPEC-led oil production cut deal, the central bank warned, adding that it expected GDP growth...
OilPrice.com - Markets

You Might Like


Tweets about this


Other recent news in Middle East

Israeli leaders embrace US decision to open embassy in JERUSALEMADL sounds alarm against neo-Nazi conspiracy theorists in wake of FLORIDA shooting
Syria war: Who are RUSSIA's shadowy Wagner mercenaries?Small steps toward better GUN CONTROL after Parkland could be cause for hope
FLORIDA SHOOTING unleashed flood of internet threats against L.A. area schools, with police struggling to keep upHow DODGERS general manager Farhan Zaidi built a dynasty — in fantasy football
Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2018 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+