Global deal to cut oil output in sight after Mexico signs up

Opec and nations including Russia have agreed to boost oil prices by cutting as much as 10 million barrels a day in production.
Global deal to cut oil output in sight after Mexico signs up
Such a deal would be unprecedented both in its size and the number of participating countries, many of whom have long been bitter rivals in the energy industry. File picture.

Opec and nations including Russia have agreed to boost oil prices by cutting as much as 10 million barrels a day in production.

Even more countries, including the United States, were discussing their own cuts in what would be an unprecedented global pact to stabilise the market.

Already a subscriber? Sign in

You have reached your article limit.

Unlimited access. Half the price.

Annual €130 €65

Best value

Monthly €12€6 / month

More in this section

The Business Hub

Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited