Tag: OIL DEPENDENCE

OPEC countries, Russia to cut oil output, pushing up prices

News:The Organization of Petroleum Exporting Countries(OPEC) and Russia has reached a deal deepening their output cuts.This deal is aimed at reducing surplus oil and to bolster crude prices. Facts: About OPEC: The Organization of the Petroleum Exporting Countries(OPEC) is a permanent, intergovernmental Organization. It was created at the Baghdad Conference in 1960 by Iran, Iraq,… Continue reading OPEC countries, Russia to cut oil output, pushing up prices