An OPEC surprise for the oil markets
OPEC oil ministers agreed to trim overall output by more than 500,000 barrels a day over the next 40 days. The small but symbolic gesture is meant to avoid new turmoil in the markets and prop up falling prices. Javier Blass, the FT commodities correspondent, talked with The Takeaway about the meeting’s outcome and the behind the scenes negotiations between Russia and OPEC. Guest: Javier Blas, commodities correspondent with the Financial Times
The story you just read is available to read for free because thousands of listeners and readers like you generously support our nonprofit newsroom. Every day, the reporters and producers at The World are hard at work bringing you human-centered news from across the globe. But we can’t do it without you: We need your support to ensure we can continue this work for another year.
When you make a gift of $10 or more a month, we’ll invite you to a virtual behind-the-scenes tour of our newsroom to thank you for being with The World.