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

NOV’s GustoMSC to Design Korea’s Wind Turbine Installation Vessel

North Sea Wildcat Well Fails to Deliver for Vår Energi

U.S.-India Trade Pact Could Cut Russian Oil Exports 25%

Current News

Mubadala Hires SLB for Deepwater Drilling Services Offshore Indonesia

Cydome Rolls Out Remote Cybersecurity Tool for Offshore Wind Farms

BW Offshore, McDermott Unveil Blue Ammonia FPSO Concept (Video)

Jan De Nul’s Fleeming Jenkin CLV to Get Dedicated Training Simulator

Subscribe for OE Digital E‑News