Saudi Arabia and five other OPEC members reached an informal agreement to cut oil output by a total of 1 million barrels a day, a spokesman for the organization said. The Organization of the Petroleum Exporting Countries has sought to revive oil prices, which have lost a quarter of their value in... -
6 OPEC Countries Agree to Curb Oil Output
Saudi Arabia and five other OPEC members reached an informal agreement to cut oil output by a total of 1 million barrels a day, a spokesman for the organization said. The Organization of the Petroleum Exporting Countries has sought to revive oil prices, which have lost a quarter of their value in...-
By Julie Ziegler and Andy Critchlow