OPEC Agrees Oil Output Cut, No Final Figure Yet

© 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)

Current News

China's First Offshore Hydrogen-Ammonia-Methanol Platform Starts Operating

China's First Offshore Hydroge

Gas Reserves Estimate Goes Up at Shell’s Selene Prospect in North Sea

Gas Reserves Estimate Goes Up

India Stretches Bids Deadline for 13 Offshore Deep-Sea Mineral Blocks

India Stretches Bids Deadline

Indonesia Awards Oil and Gas Blocks to Boost Reserves

Indonesia Awards Oil and Gas B

Subscribe for OE Digital E‑News

Offshore Engineer Magazine