Crude Market Firm Ahead of Jan 12-13 Informal OPEC Meet

On Nov 30th, during OPEC’s 171st meeting in Vienna, an agreement was reached to reduce output by 1.20 Mb/D to a ceiling of 32.5, for monthly oil production out of the cartel. Later, at a joint Non-OPEC meeting, Russia has pledged to cut supply by 0.56 Mb/D, in-line with the OPEC’s requirements for coordinated efforts … Read moreCrude Market Firm Ahead of Jan 12-13 Informal OPEC Meet