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Last Updated : GMT 09:40:38
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OPEC-led production cut

Oil overhang points to need for extended OPEC output cuts

Themuslimchronicle, themuslimchronicleOil overhang points to need for extended OPEC output cuts239243/90
London - Arab Today
An OPEC-led production cut may well be accelerating a drawdown in global oil stocks that began last year, but implementing the reduction for just six months means the producer group will fall short of achieving its objective of rebalancing the market. The Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC producers in December reached their first deal since 2001Read more

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