News of Bahrain
Business5 December 20191 min read

OPEC gearing up for deeper oil cuts

OPEC is gearing up to deepen production cuts later this week but still needs to agree with allies such as Russia over details of a deal to support oil prices and head off a looming oil glut next year. The Organization of the Petroleum Exporting Countries (OPEC) meets today in Vie

Editorial Team Legacy

Published 5 December 2019, 8:00 · Updated 21:45

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OPEC gearing up for deeper oil cuts

OPEC is gearing up to deepen production cuts later this week but still needs to agree with allies such as Russia over details of a deal to support oil prices and head off a looming oil glut next year.

The Organization of the Petroleum Exporting Countries (OPEC) meets today in Vienna followed by a meeting with Russia and others, a grouping known as OPEC+, tomorrow.

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