Offshore

New OPEC deal makes oil price soar again

Just two weeks after the OPEC countries settled a deal to cut their oil production, the organization this weekend reached agreement with 11 other countries concerning a further reduction. The deal is described as important and has already made the oil price increase even more.
by TOMAS KRISTIANSEN

Another agreement to cut the oil output has sent the price up even further. This time, 11 non-OPEC oil producing nations this weekend agreed with the organization to reduce their production by close to 600,000 barrels of oil. Russia alone will account for half of this reduction.

Already a subscriber?Log in here

Read the whole article

Get access for 7 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
    • Must be at least 8 characters, including three of: Uppercase, lowercase, numbers, symbols
    Must contain at least 2 characters
    Must contain at least 2 characters

    Get full access for you and your coworkers

    Start a free company trial today

    Share article

    Related articles

    Sign up for our newsletter

    Stay ahead of development by receiving our newsletter on the latest sector knowledge.

    Newsletter terms

    Front page now

    Further reading

    Jobs