OPEC, Russia close to slashing oil output despite US pressure
Updated : December 07, 2018 08:23 PM IST
The producer club will curb output by 0.8 million barrels per day from January while non-OPEC allies contribute an additional 0.4 million bpd of cuts, Iraqi Oil Minister Thamer Ghadhban said after OPEC concluded two days of talks in Vienna.
The OPEC deal has yet to be approved at a meeting with the non-OPEC allies later on Friday, but most ministers indicated those talks would be smooth.
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