OPEC extends oil output cut by nine months to fight glut

OPEC extends oil output cut by nine months to fight glut
25 May 2017, Vienna, Austria — OPEC decided on Thursday to extend cuts in oil output by nine months to March 2018, OPEC delegates said, 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 likely to be shared […] More »
OPEC extends oil output cut by nine months to fight glut OPEC extends oil output cut by nine months to fight glut Reviewed by Crude Oil Facilitators on 16:03 Rating: 5

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