Breaking – OPEC agrees to cut production by 1.2 million barrels per day

30 November 2016, Sweetcrude, Vienna, Austria – After what seemed an impossibility, the Organisation of the Petroleum Exporting Countries, OPEC, agreed Wednesday to cut its output by 1.2 million barrels per day. It is the first such deal since 2008. Ministers meeting at the organisation’s 171st ministerial meeting in Vienna, Austria reached the deal after Saudi […] More »