Oil Price on Nov 14: OPEC moving to stabilize the price
Posted: Wed Nov 14, 2018 9:14 am
Reuters: "According to three sources familiar with the issue, OPEC and its partners are discussing a proposal to cut oil output by up to 1.4 million barrels per day for 2019, to avert an oversupply that would weaken prices."
OPEC will meet on December 6 in Vienna to finalize the terms of the output cut.
OPEC will meet on December 6 in Vienna to finalize the terms of the output cut.