Non-OPEC countries agree to oil cuts
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...