OPEC Announces Potential Production Freeze

OPEC has announced the formation of a preliminary deal to cut the production of oil, the first agreement of its kind since 2008. The cartel revealed it intends to cut production down to 32.5 million/bpd from a previous high of 33.2 million/bpd in August.

Some analysts are wondering whether the deal will actually come through, as the specifics for limitations on production per country were lacki...

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Oilman Jan-Feb 2018

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