OPEC to Cut Oil Production

Algiers, Algeria - The Conference of the Organization of the Petroleum Exporting Countries (OPEC), following a Consultative Meeting in Algiers, Algeria, resolved to convene an Extraordinary Meeting of the Conference on Wednesday, 28th September 2016 under the Chairmanship of its President, HE Dr. Mohammed Bin Saleh Al-Sada, Qatar

In the last two years, the global oil market has witnessed many challenges, originating mainly from the supply side, OPEC said. As a result, prices have more than halved, while volatility has increased. Oil-exporting countries

Source: IWR Online, 29 Sep 2016