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OPEC agrees on to cut its oil output for the first time since 2008.

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OPEC nations have reached a preliminary agreement to curb oil production for the first time since the global financial crisis eight years ago. Image: Qatar's Energy Minister Mohammed Saleh Abdulla Al Sada (Getty Images)


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By Abby Dinham, Louie Tolentino

Source: SBS



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OPEC nations have reached a preliminary agreement to curb oil production for the first time since the global financial crisis eight years ago. Image: Qatar's Energy Minister Mohammed Saleh Abdulla Al Sada (Getty Images)


The deal is part of an effort to reduce a global glut of crude oil that has depressed oil prices for more than two years and weakened the economies of oil-producing nations

 

 

 

 


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