Oil production to be curbed after Opec agreement reached

Members of Opec have reached a preliminary agreement to curb oil production for the first time since the global financial crisis eight years ago, immediately pushing up prices.

Oil production to be curbed after Opec agreement reached

Members of Opec have reached a preliminary agreement to curb oil production for the first time since the global financial crisis eight years ago, immediately pushing up prices.

Mohammed Bin Saleh Al-Sada, Qatar's energy minister and current Opec president, announced the deal after several hours of talks on Wednesday in the Algerian capital Algiers.

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