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Oil Production NPR's John Ydstie reports world oil prices increased sharply today, after an agreement by oil exporting nations to cut production. Saudi Arabia, Venezuela and Mexico along with other oil producing nations pledged to cut production by as much as two million barrels a day. Analysts disagreed on the key question of whether today's price increases would hold up in the long run.

All Things Considered

Oil Production

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Oil Production

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NPR's John Ydstie reports world oil prices increased sharply today, after an agreement by oil exporting nations to cut production. Saudi Arabia, Venezuela and Mexico along with other oil producing nations pledged to cut production by as much as two million barrels a day. Analysts disagreed on the key question of whether today's price increases would hold up in the long run.