OPEC delays cuts in oil production until Norway specifies reduction in its outputRussia’s pledge to cut output ended a showdown with OPEC that threatened to unleash a price war for crude; cartel expects Norway to match Russia’s cut Bruce Stanley Associated Press Business Writer
OPEC has delayed a long-planned 6 percent reduction in oil output because it has yet to learn how big a production cut Norway is ready to make, a cartel official said Dec. 6.
Although Russia agreed Dec. 5 to cut its output by 150,000 barrels a day, Norway has became the focus of attention as the Or....
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Norway initially pledged 150,000 barrel cut OPEC wants cuts on second quarter, too
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