OPEC to Cut Output, Raise Production Limits

Listen: Listen to the NPR News report.

OPEC members agree to "temporary" production cuts, while raising official production limits. Some see the move as an effort to take over Iraq's share of OPEC output. Some oil production has resumed in Iraq, but it's mostly for domestic consumption. NPR's Nick Spicer and NPR's Steve Inskeep report.

Comments

 

Please keep your community civil. All comments must follow the NPR.org Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.