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2 Jun 2020 19:37
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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


     Other Business News
     02 Jun: Countdown is giving its 14,400 staff shares in the Woolworths group, to recognise how the business has pulled together in the last few months
     02 Jun: The number consents for new homes has dropped in the past month
     02 Jun: ANZ has sold the finance company UDC for 762 million dollars, to Japans' Shinsei Bank
     02 Jun: A little bit of movement in the Auckland housing market..
     02 Jun: So far so good with the construction for the 36th America's Cup
     02 Jun: The Queenstown housing market's seen little growth in value over the past year, while it's soared nearby in Dunedin
     02 Jun: More commercial cinemas are re-opening their doors this week
     Top Stories

    RUGBY RUGBY
    Rugby Australia interim CEO Rob Clarke has opened the door to New Zealand possibly hosting a condensed Rugby Championship later this year More...


    BUSINESS BUSINESS
    Countdown is giving its 14,400 staff shares in the Woolworths group, to recognise how the business has pulled together in the last few months More...



     Today's News

    Law and Order:
    US protests latest: Donald Trump criticised for St John's Church photo op, New York City extends curfew to try to stop looting 19:27

    Entertainment:
    Mel C doesn't think the Spice Girls could have coped with Twitter trolls in the 90s 19:15

    Rugby League:
    Sydney Roosters loan player Poasa Faamausili is being put straight to work for the Warriors 18:57

    Politics:
    It's been revealed work visa holders can't yet return to New Zealand... because there's not enough room for them in quarantine 18:57

    Entertainment:
    Bill Nighy was once a beggar in Paris 18:45

    Rugby:
    Rugby Australia interim CEO Rob Clarke has opened the door to New Zealand possibly hosting a condensed Rugby Championship later this year 18:27

    International:
    What is America's National Guard, and why does Donald Trump want them to break up the George Floyd protests? 18:17

    Entertainment:
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    Law and Order:
    Minneapolis woman describes moment she was shot at by police who shouted 'light 'em up' during George Floyd protests 18:07

    International:
    George Floyd protests live updates: Protesters defy New York curfew as Donald Trump threatens to deploy military 18:07


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