Commodities & Energy

Reuters first on OPEC, Russia agreement to slash oil output despite Trump pressure

Reuters first on OPEC, Russia agreement to slash oil output despite Trump pressure

Reuters was ahead with the news that OPEC and its Russia-led allies agreed on December 7 to slash oil production by more than the market had expected despite pressure from U.S. President Donald Trump to reduce the price of crude. The producer club will curb output from January by 0.8 million barrels per day versus October levels while non-OPEC allies will contribute an additional 0.4 million barrels per day of cuts, in a move to be reviewed at a meeting in April.


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