GET Stock QuotesNews18 APP
News18 English
cricketnext
»
1-min read

OPEC Reaches Deal to Cut Oil Production

The reduction by OPEC will be "1.2 million barrels per day, to bring its ceiling to 32.5 million barrels per day," Mohammed Bin Saleh Al-Sada told a news conference in Vienna.

Press Trust Of India

Updated:November 30, 2016, 11:55 PM IST
facebookTwittergoogleskypewhatsapp
OPEC Reaches Deal to Cut Oil Production
File Photo: Machine pumping out crude oil

Vienna: The OPEC oil cartel reached a deal on Wednesday to reduce its output for the first time in eight years, Qatar's energy minister and president of the OPEC conference said.

The reduction by OPEC will be "1.2 million barrels per day, to bring its ceiling to 32.5 million barrels per day," Mohammed Bin Saleh Al-Sada told a news conference in Vienna.

He said that non-member Russia has committed to reducing its output by 300,000 barrels per day, half of a hoped-for 600,000 barrels per day from outside the cartel.

 

Read full article
Next Story
facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
YES BANK 1,761.85 -16.65 -0.94
SBI 283.10 +4.90 +1.76
HDFC 1,741.75 +27.80 +1.62
Tata Global Bev 193.85 +15.10 +8.45
ITC 279.20 +7.95 +2.93
Company Price Change %Gain
Max Financial 605.10 +5.05 +0.84
HDFC 1,741.55 +27.15 +1.58
Kotak Mahindra 1,001.55 +19.10 +1.94
Ashok Leyland 104.55 -0.25 -0.24
Sun Pharma 485.20 +12.70 +2.69
Top Gainers
Company Price Change %Gain
Tech Mahindra 419.95 +17.75 +4.41
Tata Motors 389.25 +13.85 +3.69
Cipla 590.45 +20.40 +3.58
Bank of Baroda 147.15 +4.90 +3.44
Tata Power 82.05 +2.50 +3.14
Company Price Change %Gain
Tata Motors 389.05 +13.40 +3.57
Cipla 590.20 +20.20 +3.54
ITC 279.30 +8.15 +3.01
HUL 1,186.95 +34.60 +3.00
BHEL 129.85 +3.40 +2.69
Top Losers
Company Price Change %Gain
Asian Paints 1,141.30 -12.70 -1.10
NTPC 170.10 -1.65 -0.96
YES BANK 1,761.85 -16.65 -0.94
Power Grid Corp 220.70 -2.05 -0.92
Infosys 975.20 -6.25 -0.64
Company Price Change %Gain
NTPC 170.10 -1.80 -1.05
Asian Paints 1,143.20 -10.80 -0.94
Coal India 237.05 -1.60 -0.67
Lupin 962.20 -5.40 -0.56
Bharti Airtel 409.00 +0.45 +0.11

Live TV