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MARKETS

OPEC Plus meets in Baku 

OPEC and Alliance members met in Baku, Azerbaijan, from Sunday to discuss rebalancing the oil market during a period of uncertainty as US sanctions hit members Iran and Venezuela and Algerian exports fall due to ongoing civil unrest. 

Helen Clark
Uncertainty around continued cuts, but Russia promises to slow output at OPEC Plus meeting in Baku, Azerbaijan

Uncertainty around continued cuts, but Russia promises to slow output at OPEC Plus meeting in Baku, Azerbaijan

The cartel agreed to cut production by 1.2 million barrels of oil a day or 1.2% of total global output. This began in January and represented a turnaround after the body increased production last year. ...

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