OPEC crude cut could push oil to $75/b in 2017

04 December 2016, Houston — Following months of global oil market angst, OPEC has pledged to cut its production by almost 1.5 million barrels per day (MMb/d) – a greater target than proposed when the cartel last met in Algeria. This first OPEC accord in eight years is designed to accelerate the rebalancing of a […] More »