OPEC, non-OPEC extend oil output cut by 9 months to fight glut

May 25, 2017 by  
Filed under News

VIENNA (Reuters) – OPEC and non-members led by Russia decided on Thursday to extend cuts in oil output by nine months to March 2018 as they battle a global glut of crude after seeing prices halve and revenues drop sharply in the past three years.

Source: Reuters Business News

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