Saturday, December 10, 2016 9:55:39 AM
The Pact: First Global Cut in 15 Years
Bloomberg 12/10/2016: "Non-OPEC Said to Join OPEC in First Global Cut in 15 Years"
BRENT OIL (Feb 17)
"Russia and several other non-OPEC nations pledged to curb oil production next year by more than 600,000 barrels a day at a meeting in Vienna on Saturday, joining forces with the Organization of Petroleum Exporting Countries to end a global glut, a delegate familiar with the situation said.
The pact -- the first between the two sides in 15 years -- comes two weeks after OPEC agreed to reduce its own production by 1.2 million barrels a day.
Saudi Arabia, UAE warn refiners of lower shipments in January "
Bloomberg 12/10/2016: "Non-OPEC Said to Join OPEC in First Global Cut in 15 Years"
BRENT OIL (Feb 17)
"Russia and several other non-OPEC nations pledged to curb oil production next year by more than 600,000 barrels a day at a meeting in Vienna on Saturday, joining forces with the Organization of Petroleum Exporting Countries to end a global glut, a delegate familiar with the situation said.
The pact -- the first between the two sides in 15 years -- comes two weeks after OPEC agreed to reduce its own production by 1.2 million barrels a day.
Saudi Arabia, UAE warn refiners of lower shipments in January "
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