VIENNA (AP) — OPEC has agreed to cut its oil production for the first time in eight years, ending a strategy of high supply that had aimed to cripple the U.S. energy industry but also led to decade-low prices and drained the budgets of crude-producing nations. The cartel will cut 1.2 million barrels a day … Continue reading
VIENNA (AP) — OPEC has agreed to cut its oil production for the first time in eight years, ending a strategy of high supply that had aimed to cripple the U.S. energy industry but also led to decade-low prices and drained the budgets of crude-producing nations. The cartel will cut 1.2 million barrels a day … Continue reading
VIENNA (AP) — OPEC is not yet in safe harbor. But ahead of a top-level meeting, the 13-nation oil cartel appears close to weathering the storm of slumping crude prices that threatened to bankrupt some members and called into question its relevance. After touching a 13-year low early this year, the price of oil has … Continue reading
