Media: OPEC to cut 1.2 million barrels per day
The OPEC member states have now agreed to slash their output by 1.2 million barrels of oil per day, reports Bloomberg citing a delegate at the OPEC meeting in Vienna. The oil price soars on the news.
The price of a barrel of oil in London soars 7.6 percent to to USD 49.90 dollars at 1.23 pm CET after the OPEC member states reach agreement, reports Bloomberg, citing a delegate present at the meeting in Vienna who wishes to remain anonymous, as the decision has yet to be made public.
Already a subscriber?Log in here
Read the whole article
Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers
Start a free company trial todayRelated articles:
OPEC divisions send the oil price down
For subscribers
Tanker carriers have burned through millions this year
For subscribers
OPEC deal could boost tanker carriers
For subscribers
.jpg&w=384&q=75)
