OPEC agrees to extend production cap throughout 2018

The Organization of Petroleum Exporting Countries has decided to extend its deal to limit production throughout 2018. The decision was made at a meeting in Vienna.

Photo: /ritzau/AP/Ronald Zak

The Organization of Petroleum Exporting Countries (OPEC) and Russia have agreed to extend their production cap for the whole year of 2018, according to unnamed sources. The decision was made at a meeting in Vienna, reports TDN Finans.

Already before the meeting, it seemed that there was majority support for continuing the production cap that the countries have implemented.

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