OPEC: An agreement is finally reached
Published on Monday, October 3, 2016
OPEC: An agreement is finally reached
Summary
The OPEC member countries met in Algeria from September 26 to 28. The goal was to lay the foundations for an agreement to reduce oversupply on the market and raise oil prices. The negotiations ended with a consensus to withdraw 750,000 barrels of crude a day from the market, which would place the cartel's total output at 32.5 million barrels a day.
Geographies
- Geography Tags
- Global
Topics
- Topic Tags
- Macroeconomic Analysis
Tags
- Tags
- Oil
- energy
- OPEC
- Price of crude oil
Authors
Marcial Nava
Documents and files
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