OPEC, allies agree to reduce crude production by 1.2 million barrels/day
The 15-member group agreed to cut crude oil output by 800,000 barrels per day, while Russia and its allied producers would slash oil production by around 400,000 barrels per day.
Dec 08, 2018, 09:37 AM IST
OPEC move to cut production may adversely affect India
Amit Kapoor and Sankalp Sharma/IANS
Dec 08, 2016, 13:08 PM IST
Oil prices returning to $80/barrel by 2020: OPEC
OPEC forecasts oil prices will grow by no more than $5 per barrel a year to reach $80 by 2020, with rival non-OPEC production growth slowing but not fast enough to fully clear the current oil glut, according to OPEC sources.
Sep 17, 2015, 23:30 PM IST
