by Sabri Najeh and Asharq Al-Awsat | May 25, 2017 | Business
OPEC agreed on Thursday to extend cuts in oil output by nine months to March 2018, OPEC delegates told Reuters. This comes as the producer group battles a global glut of crude after seeing prices halve and revenues drop sharply in the past three years. The cuts are...
by Sabri Najeh and Asharq Al-Awsat | Apr 21, 2017 | Business
Cairo, Abu Dhabi – OPEC members might extend the agreement to cut outputs in order to achieve the desired rebalancing of the market, announced Saudi Arabia and Kuwait. Saudi Energy Minister Khalid al-Falih said that oil-producing countries might have to prolong...