OPEC decides to cut oil production by 1.2 mln bpd
The OPEC on Wednesday decided to cut its oil output by 1.2 million barrels per day, setting the ceiling of oil production at 32.5 million barrels per day (bpd). The reduction is effective from Jan. 1, 2017, and is the cartel’s first oil reduction since 2008. The reduction is being coordinated with the non-OPEC country […]
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