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  • 2 years ago
Energy expert Peter Bild on OPEC deal to cut production - Thu, 01 Dec 2016 06:12:31 +0000

Energy expert Peter Bild on OPEC deal to cut production - Thu, 01 Dec 2016 06:12:31 +0000

OPEC has reached a deal to cut oil supplies for the first time since the global financial crisis in 2008, prices are expected to rise above $50 a barrel as countries with large oil reserves like Saudi Arabia and its Gulf allies accepted big reductions in production. OPEC decided to cut 1.2m barrels a day to about 32.5m b/d for six months from early 2017 after six hours of talks in Vienna. Our energy expert in Vienna Peter Bild joined the show to discuss.

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