OPEC output falls most in almost two years as Saudi cuts begin
The oil cartel's output dropped the most in close to two years in December even before its agreement to cut oil supplies started as Saudi Arabia scaled back production. The group's pact to curb output started formally this week.
BY GRANT SMITH, BLOOMBERG
Before its agreement to cut oil supplies even started, OPEC's production plunged by the most in almost two years last month.
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