InvestorsHub Logo
Followers 12
Posts 1125
Boards Moderated 0
Alias Born 06/18/2013

Re: None

Saturday, 12/10/2016 9:55:39 AM

Saturday, December 10, 2016 9:55:39 AM

Post# of 5825
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 "

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.