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29 May 2020 12:47
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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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     28 May: The Christchurch City Council is discussing a rates increase today
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    Fonterra says its China dairy import volumes climbed 10.1 per cent in March after two consecutive months of declines More...



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