Organization of the Petroleum Exporting Countries

Oil prices rise as OPEC agrees on output cuts

November 30, 2016

The Organization of the Petroleum Exporting Countries (OPEC) has agreed to cut 1.2 million barrels of oil a day from its output to 32.5 million barrels beginning from January. This has lead to a surge in the global oil prices. This is the first such cut made by OPEC...

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