Google+ Followers

Saturday, 31 December 2016

Compliance in focus as Opec deal kicks off | GulfNews.com

Compliance in focus as Opec deal kicks off | GulfNews.com:
"Compliance to production cuts will be in focus as a historical deal between Opec (Organisation of the Petroleum Exporting Countries) and non-Opec member countries kickstarts on Sunday.
Opec members and countries from outside the group have agreed to reduce production by about 1.8 million barrels per day from January 1 to stabilise oil prices.
The 13-member Opec group would be cutting production by 1.2 million barrels per day, whereas non-Opec members led by Russia would be slashing output by 558,000 barrels per day.
"

'via Blog this'