Articles written by Kiyoko Metzler & David Mchugh


Sorted by date  Results 1 - 1 of 1

  • OPEC extends oil production cuts amid weaker demand outlook

    KIYOKO METZLER and DAVID McHUGH|Jun 30, 2019

    VIENNA (AP) — OPEC is extending its deal to cut production for another nine months in bid to keep oil prices from sagging as the oil cartel faces a weakening outlook for global demand. The decision among the members of the Organization of the Petroleum Exporting Countries came during a meeting Monday at the cartel's headquarters in Vienna. Saudi Arabia's Energy Minister Khalid Al-Falih said "the commitment to a nine-month extension is unequivocal, very solid, very strong" among OPEC members. He said he expected non-member producing countries s...