Rodexo
News World News

OPEC Economic Panel Recommends Output Cut From October Levels

OPEC Economic Panel Recommends Output Cut From October Levels S1 BL424 1130op G 20181130133647



An Organization of the Petroleum Exporting Countries panel reviewing scenarios for the cartel’s meeting next week recommended cutting total output by 1.3 million barrels a day from October levels, officials familiar with the matter said Friday.

“According to the data we have, 1.3 million barrel a day cut would be efficient to balance the market,” said one OPEC official who attended the meeting of the Economic Commission Board, which does not set policy for the cartel.


Source : WSJ

Related posts

UKIP chief compares party to BLACK DEATH after local election defeat | Politics | News

Rodexo

Donald Trump Mueller investigation: President to face Russia questioning ‘under oath’ | World | News

Rodexo

Wal-Mart in talks to shop for stake in Indian on-line store Flipkart: Record

Rodexo

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.