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The OPEC deal might not be a game-changer for the Saudis

Business & Finance : Business Insider: Clusterstock

OPEC finally agreed to cut output during its meeting in Vienna on Wednesday. This marks the cartel's first cut since 2008 and reverses its two-year strategy of pumping as much oil as desired. The cut is intended to end the global oi...

OPEC Agrees To Limit Oil Output For First Time Since 2008

News : Huffington Post

OPEC agreed on Wednesday modest oil output cuts in the first such deal since 2008, with the group’s leader Saudi Arabia softening its stance on arch-rival Iran amid mounting pressure from low oil prices. “OPEC made an exceptional de...

The OPEC deal is a sign of 'tough economic circumstances'

Business & Finance : Business Insider: Clusterstock

OPEC finally agreed to curtail output during its meeting in Vienna on Wednesday. This marks the cartel's first cut since 2008 and reverses its two-year strategy of pumping as much oil as desired. OPEC agreed to collectively cap outp...

OPEC Agrees On First Oil Production Cut Since 2008, But Biggest Question Remains Unanswered

Business & Finance : Zero Hedge

OPEC has agreed to cut its oil output for the first time since 2008, following a capitulation by group's leader Saudi Arabia, which was forced to soften its stance on arch-rival Iran amid mounting pressure from low oil prices. Accor...

Political instability is on the rise in one of OPEC's strongest members

Business & Finance : Business Insider: Clusterstock

OPEC, the thirteen member oil cartel, agreed to curtail output at its meeting in Vienna last week in an attempt to end the global supply glut and hike up oil prices. Due to the commodity's depressed prices over the last two years, m...

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