EnergyWatch

Strong doubts about OPEC deal viability

After a costly two-year oil price battle, OPEC has now decided to scale down oil production.

Photo: /ritzaui/AP/Hasan Jamal

The Organization of Petroleum Exporting Countries (OPEC) has agreed to scale down oil production after two years of oil price war.

Production will be reduced by 1.2 million barrels a day down to 32.5 million barrels per day, taking effect from Jan. 1 2017.

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