OPEC, non-OPEC agree first global oil pact since 2001

10 December 2016, Vienna — OPEC and non-OPEC producers on Saturday reached their first deal since 2001 to curtail oil output jointly and ease a global glut after more than two years of low prices that overstretched many budgets and spurred unrest in some countries. With the deal finally signed after almost a year of […] More »