Monday, 12 December 2016

Non-OPEC to cut oil output by 562,000 bpd as part of global deal

In Oil & Companies News 12/12/2016

Non-OPEC oil producers agreed on Saturday to reduce their output by a combined 562,000 barrels per day as part of a global deal with the Organization of the Petroleum Exporting Countries, two OPEC sources told Reuters.

Source: Reuters (Reporting by Alex Lawler and Rania El Gamal; Editing by Dale Hudson)