OPEC Agrees Oil Output Cut, No Final Figure Yet

Thursday, December 6, 2018

OPEC agreed on Thursday a tentative deal to cut oil output but has not yet come up with a final figure, an OPEC delegate said.

Saudi Energy Minister Khalid al-Falih said earlier that the Organization of the Petroleum Exporting Countries needed non-OPEC Russia to come on board with cuts. He said a final decision by OPEC and its allies was likely by Friday evening.


(Reporting by OPEC Newsroom; Editing by Dale Hudson)

Categories: Energy Industry News Oil

Related Stories

Trump says Exxon will Re-Enter Venezuela

Norway Approves Request to Delay Offshore Wind Farm License Application

ExxonMobil awards $1.1B in Contracts for LNG project

Current News

Tidewater Completes WSUT Acquisition

Trump says Exxon will Re-Enter Venezuela

Wison to Integrate Shell Refrigerant Technology into FLNGs

Lucas Cribley Named CEO of C-Innovation

Subscribe for OE Digital E‑News