OPEC extends cuts

WOODSIDE Petroleum, Santos and Beach Energy all slumped overnight despite OPEC’s decision to extend pumping limits for a further nine months in an attempt to run down global stockpiles and support higher oil prices.

OPEC extends cuts OPEC extends cuts OPEC extends cuts OPEC extends cuts OPEC extends cuts
The Organisation of Petroleum Exporting Countries had agreed to extend the cuts until March 2018 in an attempt to help restore revenues after three years of flow oil prices.