The OPEC-plus group appears to be heading for another round of production cuts. On December 5, several non-OPEC producers and the cartel’s member states said on the opening day of a meeting in Vienna that they would endorse a plan to slash output by 500,000 barrels per day (bpd).
Posted by Jennifer Delay Iacullo
Jennifer DeLay Iacullo is a freelance writer specializing in global oil, gas, and power engineering topics. She has covered the energy industry of the former Soviet Union, China, Africa, Latin America and North America for more than 20 years. She lives in Atlanta with her family.
