Tuesday, December 18, 2018

OPEC Agrees Oil Output Cut, No Final Figure Yet

December 6, 2018

© yanamavlyutova / Adobe Stock
© yanamavlyutova / Adobe Stock

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

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