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22 Oct 2025 15:20
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  •   Home > News > Business

    OPEC and Russia have agreed a deal to cut global oil production to 10 million barrels a day until July 1, and then eight million a day until the end of year

    OPEC and Russia have agreed a deal to cut global oil production to 10 million barrels a day until July 1, and then eight million a day until the end of year


    The move is aimed at limiting a crash in prices that has pushed energy companies toward bankruptcy.

    However there are also reports suggesting the deal is was hanging in the balance, with Kuwait's oil minister saying Mexico had disrupted the proposed accord.

    © 2025 Newstalk ZB, NZCity

     Other Business News
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     21 Oct: The Labour Party is calling for a probe into the Public Service Commission's ads about Thursday's mega-strike action
     21 Oct: Torpedo 7 will return to being an online-only retailer by the end of summer
     21 Oct: One of our largest electricity companies says lines charges are the biggest factor driving up power bills
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     Top Stories

    RUGBY RUGBY
    Squash world number three Paul Coll has stormed into the quarter-finals at the US Open in Philadelphia More...


    BUSINESS BUSINESS
    Kiwis could save more than a thousand dollars on solar panel installation - under changes to requirements More...



     Today's News

    Law and Order:
    INTERPOL issues worldwide alert for 'priceless royal jewels' stolen from the Louvre 15:07

    Entertainment:
    Norman Cook contemplated becoming a fireman when he came close to bankruptcy in the early '90s 15:00

    Law and Order:
    Police are asking the public to help identify a 10-litre container related to a fatal house fire in Auckland's Bucklands Beach this month 14:57

    International:
    South Korea says North Korea fired ballistic missile toward eastern waters 14:47

    Entertainment:
    Vanessa Williams says King Charles came across as "down to earth" when they met 14:30

    Living & Travel:
    Chinese car firm BYD is racing ahead with its electric vehicles. Here’s how more established brands can catch up 14:17

    Soccer:
    Wellington Phoenix forward Ifeanyi Eze is adjusting to the taxing flight schedule of a New Zealand team in football's A-League 14:07

    Entertainment:
    Dakota Johnson feels "elated" to be the new face of Valentino 14:00

    Environment:
    Today is a chance to prepare for significant, damaging winds tomorrow 13:57

    Rugby:
    Squash world number three Paul Coll has stormed into the quarter-finals at the US Open in Philadelphia 13:37


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