Today news
About the same in other media
Saudi-Led Oil Producers to Lower Output Further
Reading now: 516
A group of large oil producers led by Saudi Arabia said Sunday they would cut more than a million barrels of output a day starting next month, a surprise move that upset Washington and led to a jump in crude prices amid concerns about the global economy.
The output cut adds to a reduction of 2 million barrels a day agreed to in October by the Saudi-led Organization of the Petroleum Exporting Countries and a group of other producers led by Russia. Taken together, the output cuts amount to about 3% of the world’s petroleum production taken off the market in seven months.
Read more on wsj.comAbout this in other media
Record oil demand predicted as China’s economy rebounds theguardian.com /1 year ago
Banking turmoil was not a crisis but 'the downside risks are real,' IIF boss warns cnbc.com /1 year ago
Saudi Arabia’s Oil Production Cuts Reflect Cost of Reshaping Economy wsj.com /1 year ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
