You are here

Hangover awaits as Opec celebrates

Cheating by members is one reason not to get too delirious about the production cut
Friday, December 2, 2016 - 05:50


LET Opec celebrate. For now.

The oil club is dizzy with its own success after a harmonious meeting in Vienna, where it surprised the world by agreeing to its first production cut in eight years. Oil prices up 10 per cent? Check. Saudi Arabia and Iran in agreement? Check.

Market voices on:

Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at

Powered by GET.comGetCom