Oil prices surge as OPEC agrees joint 1.2 mn bpd cut with partners
A glut on the market has led to oil prices falling by more than 30 percent in the space of two months/ A glut on the market has led to oil prices falling by more than 30 percent in the space of two months (AFP Photo/-)/ Vienna (AFP) - OPEC members and 10 other oil producing nations, including Russia, agreed Friday to cut output by 1.2 million barrels a day in a bid to reverse falls in prices in recent months. Energy ministers reached the deal -- which takes effect from January 1 but has already sent prices surging on oil markets -- after ...
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