OPEC oil ministers confirm 6 percent cut in production in bid to lift pricesGiven faltering world economy, Organization of Petroleum Countries analyzing a new benchmark price by The Associated Press Business Writer
OPEC agreed Dec. 28 to carry out a planned 6 percent cut in its official oil output after crude producers outside the cartel promised to make reciprocal cuts in a display of unprecedented — but fragile — solidarity.
Oil ministers from the Organization of Petroleum Exporting Countries decided in an....
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Independent producers reduced supplies Cut believed to be “more than enough” Non-OPEC countries pledged cuts Arab states endorse OPEC cut, minister forecasts price of $21
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