Issue 1,050, 14 December, 2017

Article length: 151 words

Opec extends production cuts to December 2018

Organisation of the Petroleum Exporting Countries (Opec) members agreed to extend their crude oil production limits until the end of 2018, at a meeting in Vienna on 30 November. The cuts had been due to expire in March. Opec states including Saudi Arabia have again been joined by non-member countries including Russia, Bahrain and Oman in agreeing the cuts.