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."
Authored by Nick Cunningham via OilPrice.com,
*Venezuela’s economic crisis continues to deepen.* The South American OPEC member is thought to be sitting on... Zero Hedge - MarketsAlso reported by •Business Insider