OPEC agrees to cut output by 1.2m barrels a day

Submitted by AZERTAC on

Baku, December 7, AZERTAC

OPEC and its oil producing allies reached an agreement to cut production by 1.2m barrels a day. The deal was hammered out at the OPEC secretariat in Vienna.

Azerbaijani oil sells for $60.24

Submitted by AZERTAC on

Baku, December 7, AZERTAC

The price of Azerbaijani oil has decreased on the world markets.

The price of a barrel of Azeri Light crude oil fell $3.81 to stand at $60.24.

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