OPEC endorses Iran exemption from production cut

Submitted by MNA on

TEHRAN, Dec. 08 (MNA) – Iran managed to secure exemption from an agreement by OPEC members to reduce their oil production to prevent supply glut and bolster the prices.

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.

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