Alva Review-Courier -

OPEC extends oil production cuts amid weaker demand outlook

 


VIENNA (AP) — OPEC is extending its deal to cut production for another nine months in bid to keep oil prices from sagging as the oil cartel faces a weakening outlook for global demand.

The decision among the members of the Organization of the Petroleum Exporting Countries came during a meeting Monday at the cartel's headquarters in Vienna.

Saudi Arabia's Energy Minister Khalid Al-Falih said "the commitment to a nine-month extension is unequivocal, very solid, very strong" among OPEC members. He said he expected non-member producing countries such as Russia to join in extending the cuts at...



For access to this article please sign in or subscribe.



 

Reader Comments
(0)

 
 

Our Family of Publications Includes:

Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2019