Wednesday, 30 November 2016 Delegates from the Organization of the Petroleum Exporting Countries agreed to cut production by 1.2 million barrels a day to 32.5 million, Iranian Oil Minister Bijan Zanganeh said, representing about 1% of global production.
Nov.28 -- Michael Cohen, head of energy commodities research at Barclays, examines the position of Iraq and Iran to hold up an OPEC oil production agreement. He speaks on "Bloomberg Daybreak: Americas."
Despite the country’s political instability, its production has grown to 885,000 barrels a day, undercutting OPEC’s efforts to shrink supplies worldwide. NYTimes.com - Front PageAlso reported by •SmartBrief
Authored by Lance Roberts via RealInvestmentAdvice.com,
Beginning in December of last year, following the announcement by OPEC of a cut in oil production, I... Zero Hedge - MarketsAlso reported by •Proactive Investors