Saudi Arabia, Russia Reach Compromise on Further Output Cuts

Days of intense discussions between the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC oil-producing nations, led by Russia, resulted in an agreement to increase production by 500,000 barrels per day (BPD) beginning next year, APA reports citing Caspian News.   According to the OPEC’s statement, the compromise reached during a ministerial meeting via […]