Your browser is: WebKit 537.36. This browser is out of date so some features on this site might break. Try a different browser or update this browser. Learn more.

OPEC’s Easy Win Masks Tougher Oil-Market Choices Still to Come

  • Cartel agrees to extend oil production cuts through 2018
  • OPEC seeks to boost prices without triggering flood of shale

Error:

Could not download required scripts. Please update your browser or turn off ad blocker to continue to watch.

Bloomberg’s Yousef Gamal El-Din reports on OPEC extending production cuts through the end of 2018.(Source: Bloomberg)
Lock
This article is for subscribers only.

On the surface, Thursday’s OPECBloomberg Terminal meeting was a no-drama success.

The group of oil nations agreed to extend year-old production cuts through the end of 2018 to help boost prices, no small achievement.