Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
OPEC and other oil-producing nations are discussing extending the oil production cuts that expire in March 2018 by up to three months, potentially prolonging them well into the second half of next year in an effort to boost prices, according to people familiar with the matter.The organization boosted its forecast for the amount of crude it needs to supply by 400,000 barrels a day to 32.8 million barrels in 2018, which remains in line with production last month.OPEC pegged demand for its crude at 31.8 million barrels a day in the first quarter, and at 32.4 million in the second quarter.
FOLLOW THIS ARTICLE