Non-OPEC countries agree to oil cuts

By Kasia Patel
Published: Monday, 12 December 2016

Both OPEC and non-OPEC producers have agreed to jointly cut production in the interest of oil producers and consumers.

Following a meeting with ministers from the Organization of the Petroleum Exporting Countries (OPEC) on 10 December, non-OPEC oil-producing countries have agreed to cut oil output for up to 12 months.

To achieve market stability in the interest of all oil producers, a number of non-OPEC producers have agreed to...

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