Oil price rally slows as doubts creep in over OPEC cuts
By KASIA PATEL
Published: Tuesday, 06 December 2016
Since OPEC's agreement last week to curb oil output, oil prices have rallied to one-year highs. However, November production figures indicate another rise in output from the organisation.
Although oil prices have rallied since last week’s announcement by the Organization of the Petroleum Exporting Countries (OPEC) – which agreed to curtail oil output – prices slipped today as the market began to doubt that the organisation will follow through on its promise.
Following a meeting in Vienna on 30...http://www.indmin.com/Article/3645051/Oil-price-rally-slows-as-doubts-creep-in-over-OPEC-cuts.html
OPEC's Toothless Deal to "Cut" Oil Production, page-3
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