OPEC, allies extend production cut through 2018

Fri Dec 1, 2017 02:56AM
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OPEC, allies extend production cut through 2018.
OPEC, allies extend production cut through 2018.

Homa Lezgee
Press TV, Vienna

OPEC and a group of allied oil-producing nations have during an Austria meeting agreed to extend crude output cuts until the end of 2018. The decision is meant to rebalance the global market as uncertainties remain on how US shale production will affect prices.

Press TV’s Vienna correspondent Homa Lezgee has more.