BREAKING NEWS

BREAKING NEWS

OPEC curbs output as the price of crude drops again

Now Reading:

OPEC curbs output as the price of crude drops again

 OPEC curbs output as the price of crude drops again
Text size Aa Aa

Opec will cut production of crude oil by 512,000 barrels a day.

The announcement, which was unexpected, came just after the price of a barrel of crude fell below one hundred dollars a barrel for the first time in five months.

The OPEC ministers meeting in Vienna said overall production would fall from 29.67 million barrels a day to 28.8 million.