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Opec close to striking landmark output deal

The OPEC was on Thursday night close to striking a landmark accord with non-Opec producers as Norway and Russia moved towards joining the cartel in cutting oil output to boost the world oil price. The Norwegian government said it would cut its oil output by between 100,000 and 200,000 barrels a day, or 3-6 per cent, provided other producers did the same.

News Item details


Websites: http://www.ft.com

Countries: Norway - Russia -

Organisation: OPEC

Subjects: Information technology, Oil markets, Policy and Governance, Oil

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