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...
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...
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