OPEC to Cut Oil Output OPEC oil ministers meeting in Vienna endorse a plan to cut production by 4 percent beginning Thursday. During a February meeting in Algiers, the cartel agreed to the reduction, amounting to 1 million barrels a day. Analysts say the drop in output could raise the cost of a barrel of oil beyond $40. Hear NPR News.
NPR logo OPEC to Cut Oil Output by 4 Percent

OPEC to Cut Oil Output by 4 Percent

NPR News

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OPEC oil ministers meeting in Vienna endorse a plan to cut production by 4 percent beginning Thursday. During a February meeting in Algiers, the cartel agreed to the reduction, amounting to 1 million barrels a day. Analysts say the drop in output could raise the cost of a barrel of oil beyond $40. Hear NPR News.