Opec members and allies agree sharp reduction in oil output

The Times | Dec 7, 2019 at 12:01 AM
  • The biggest oil producers have agreed to deeper production cuts than the market had expected in an attempt to prop up prices.The price of Brent crude, the global benchmark, was up 1.5 per cent at $64.23 a barrel after confirmation of cuts of an extra 500,000 barrels of oil per day next year. It mean