Fears grow over oil price as Opec+ agrees to cut output - short news
Cartel curbs production by 2m barrels a day despite strong US pressure
The Opec oil cartel and its allies have agreed to a significant cut in oil production targets despite significant pressure from the US.
The Opec+ group of oil-producing nations signed up to a cut in output of 2m barrels a day, squeezing supplies in a tight market.
Continue reading...source: The Guardian - 05.10.2022