Articles written by George Jahn & Kiyoko Metzler
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OPEC, allies extend production cut through 2018
VIENNA (AP) — The OPEC cartel and a group of allied oil-producing nations agreed Thursday to extend crude output cuts until the end of next year, continuing a policy that led to a significant rise in the price of oil over the past year. At the s...
OPEC and allies likely to extend production cuts at meeting
VIENNA (AP) — With crude prices at two-year highs, OPEC and allied oil producing-nations appear ready to agree to extend their output cuts at a meeting Thursday after Iraq's energy minister said there was broad agreement for such a move. Benchmark c...
OPEC extends output cut, but big oil price increase unlikely
VIENNA (AP) — An alliance of many of the world's biggest oil-producing nations extended their agreement to cut output for an additional nine months — an effort to support prices that will prove difficult in the face of growing production from the U.S...
OPEC agrees to cut output in bid to push up oil price
VIENNA (AP) — Breaking with years of inaction, OPEC agreed Wednesday to cut its oil output for the first time since 2008. The move effectively scraps its strategy of squeezing U.S. competition through high supply that had backfired by lowering p...
