OPEC in First Joint Oil Cut With Russia Since 2001, Saudis Take “Big Hit”
By Rania El Gamal, Alex Lawler and Ahmad Ghaddar VIENNA, Dec 1 – OPEC has agreed its first oil output cuts since 2008 after Saudi Arabia accepted “a big hit” on its production and dropped its demand on arch-rival Iran to slash output, pushing up crude prices by around 10 percent. Fast-growing producer Iraq also
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