News

Sep

29

Economics Drove Saudi OPEC Move

Behind the kingdom’s decision to agree to production cuts was a recognition of the consequences of low oil prices.


Sep

28

OPEC Said to Agree on First Oil Output Cut in Eight Years

OPEC agreed to cut production for the first time in eight years, sending oil prices more than 6 percent higher, as Saudi Arabia and Iran wrong-footed traders who expected a continuation of the pump-at-will policy the group adopted in 2014, according to a delegate briefed on the matter.