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1.Market Observations, 8.Was Sticky

12 Dec 2016 (AFR) – Non-OPEC joins OPEC in first global oil cuts in 15 years

(12 December 2016, AFR, p21, Grant Smith, Angelina Rascouet, Elena Mazneva, Bloomberg)

Russia and several other non-OPEC nations pledged to curb oil production next year at a meeting in Vienna, joining forces with the Organization of Petroleum Exporting Countries to end a global glut that’s crashed oil prices and shaken energy-rich economies. The pact – the first between the two sides in 15 years – involves a reduction of…’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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