OPEC agrees to curb oil output

By Kasia Patel
Published: Thursday, 15 December 2016

Oil prices rallied following an announcement by OPEC that it would set a production limit of 32.5m bbl/d.

The Organization of the Petroleum Exporting Countries (OPEC) agreed a deal at the end of November to curtail oil supply for the first time in eight years following a ministerial meeting in Vienna.
Iranian Oil Minister Bijan Namder Zanganeh said that OPEC plans to reduce output to 32.5m barrels a...

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