Saturday , October 23 2021

Oil-producing countries agree to cut production to balance international oil prices – Voice of America (VOA)



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  1. Oil-producing countries agree to cut production to offset international oil prices Voice of America (VOA)
  2. The deal was slower than expected! OPEC + will cut production by 1.2 million barrels next year and increase crude oil by 6% in intra-day trade.
  3. Focus: OPEC initially agreed to cut production but decided not to complete production yet to wait for Russia's commitment Reuters
  4. Overnight News: US equities drop after sharp drop in oil prices following OPEC's postponement of production cuts
  5. US and Russia hope low oil price will be offset by NTDTV
  6. View the full story in Google News
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