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Jakarta Post
The Jakarta Post
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OPEC sees vindication for production cut deal

  • Eesha Muneeb

Singapore | Tue, November 14 2017 | 12:49 am

PREMIUM Almost one full year after Organization of the Petroleum Exporting Countries’s (OPEC) landmark decision to hold production at 32.5 million barrels/day (b/d), oil prices crossed a significant upward barrier, with the December ICE Brent crude oil contract breaching US$60/barrel in the last days of October this year, up almost $10 year on year.

 Then, OPEC members and 10 non-OPEC produc...