Brent oil price rises as Opec agrees to cut production

Opec and its partners, including Russia, agreed to extend oil-production cuts to the end of 2018 and included Libya and Nigeria in the deal for the first time.

Brent oil price rises as Opec agrees to cut production

Opec and its partners, including Russia, agreed to extend oil-production cuts to the end of 2018 and included Libya and Nigeria in the deal for the first time.

Iraq’s Oil Minister Jabbar Al-Luaibi confirmed the decision after a day of talks in Vienna that reflected a rare consensus between members of the Organisation of Petroleum Exporting Countries and its allies.

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