maintain production

VIENNA | Oil prices spike on mooted production cut

VIENNA— Oil prices spiked sharply higher Friday after OPEC countries agreed to a proposal that would see global oil production reduced by 1.2 million barrels a day. Following a morning meeting of the Organization of the Petroleum Exporting Countries, Iraq Oil Minister Thamir Ghadhban told reporters the proposed cut would be made up of 800,000 … Continue reading VIENNA | Oil prices spike on mooted production cut