OPEC Agrees on Oil Output Reduction

Business » ENERGY | November 30, 2016, Wednesday // 15:58| Views: | Comments: 0
  • Send to Kindle
Bulgaria: OPEC Agrees on Oil Output Reduction BGNES

The Organisation of the Petroleum Exporting Countries (OPEC) has reached an agreement among its members on a reduction of oil output for the first time since 2008, reported Reuters, cited by Dnevnik daily.

The parameters of the agreement are similar to the ones outlined during informal talks in Algiers in September.

Algiers’ initiative was for the limit of total oil output to be reduced by over 1 million barrels a day – from 33.6 million to 32.5 million.

Energy » Be a reporter: Write and send your article
Tags: oil, output, reduction, Algiers, OPEC
Expats.bg All Are Welcome! Join Now!
Advertisement
Advertisement
Please, log in to post a comment.
» To the forumComments (0)
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria