Sabri Najeh and Asharq Al-Awsat

2 articles

OPEC Agrees to Extend Oil Production Cuts for Nine Months

OPEC agreed on Thursday to extend cuts in oil output by nine months to March 2018, OPEC delegates told Reuters. This comes as the producer group battles a global glut of crude after seeing prices halve and revenues drop sharply in the past three years. The cuts are likely to be shared again by a [&h

Oil-Producers Might Extend Agreement on Cutting Outputs

Cairo, Abu Dhabi – OPEC members might extend the agreement to cut outputs in order to achieve the desired rebalancing of the market, announced Saudi Arabia and Kuwait. Saudi Energy Minister Khalid al-Falih said that oil-producing countries might have to prolong output cuts agreed for the first