Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Oct 05, 2017

U.S. Erased 9 Months of OPEC Output Cuts in Just Two Weeks

U.S. Erased 9 Months of OPEC Output Cuts in Just Two Weeks

(Bloomberg) -- The U.S. has wiped out nine months of OPEC output cuts in just two weeks. The 11 members of OPEC bound by the output deal cut their production in September by 1.041 million barrels a day from their combined reference production level. The U.S. in the last two weeks -- after recovering from the impact of Hurricane Harvey -- boosted its crude oil exports by 1.056 million barrels a day.

For more analysis of this event, click here for our TOPLive blog.

To contact the reporter on this story: Julian Lee in London at jlee1627@bloomberg.net.

Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay

To contact the editors responsible for this story: Greg Chang at gchang1@bloomberg.net, Alec D.B. McCabe

Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search
Add NDTV Profit As Google Preferred Source
Listen to the latest songs, only on JioSaavn.com