OPEC agrees first output cut since 2008, Saudis to take 'big hit'

Published: 30/11/2016
OPEC agrees first output cut since 2008, Saudis to take 'big hit'
Source: WWW.TOPIX.COM

OPEC has agreed its first limit on oil output since 2008, sources in the producer group told Reuters, with Saudi Arabia accepting "a big hit" on its production and agreeing to arch-rival Iran freezing output at pre-sanctions levels. Saudi Arabia's Energy Minister Khalid al-Falih talks to journalists during a meeting of the Organization of the Petroleum Exporting Countries in Vienna, Austria,

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