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2017-12-01 12:50:00

OPEC & RUSSIA CUTS

OPEC & RUSSIA CUTS

BLOOMBERG - OPEC and its allies outside the group agreed to maintain oil production cuts until the end of 2018, extending their campaign to wrest back control of the global market from America's shale industry.

After a day of talks in Vienna, the decision showed the strength of the unprecedented alliance between the world's top two oil producers, Saudi Arabia and Russia, and confounded Wall Street analysts who'd predicted Moscow would be reluctant to keep going. The deal was even beefed up through the inclusion of Nigeria and Libya, two members…

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Tags: RUSSIA, OIL, OPEC
Chronicle:
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