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5 Jun 2020 2:30
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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.

    © 2020 Newstalk ZB, NZCity


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     Today's News

    Law and Order:
    Police have a person in custody after another person died after a violent altercation in Northcote this evening 22:57

    Business:
    A new survey of businesses who claimed the wage subsidy shows it was a lifeline for some workplaces 22:57

    Living & Travel:
    Jetstar could soon be back flying within New Zealand 22:27

    Law and Order:
    Grieving husband who couldn't visit wife dying from coronavirus lashes Dominic Cummings for flouting rules 22:27

    Accident and Emergency:
    Two people have suffered minor injuries after crashing into a bridge on the West Coast 21:57

    Entertainment:
    John Cleese is "delighted" to have "no obligation" to carry on with 'Monty Python' following the death of Terry Jones 21:45

    Entertainment:
    Post Malone took a step back from social media for the sake of his mental health 21:15

    Entertainment:
    Prince Charles' "unique experience" of having coronavirus will help shape the royal family's return to work 20:45

    Entertainment:
    Catherine, Duchess of Cambridge, gets "so much joy" from gardening 20:15

    Entertainment:
    Myleene Klass "would not say no" to having another baby 19:45


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