OPEC Agrees Modest Hike in Oil Supply After Iran Softens Stance

By Prophecy in the News - June 22, 2018 at 09:45AM

VIENNA – OPEC agreed on Friday on a modest increase in oil production from July after its leader Saudi Arabia persuaded arch-rival Iran to cooperate amid calls from major consumers to help reduce the price of crude and avoid a supply shortage. Two OPEC sources said the group agreed that OPEC and its allies led by […] The post OPEC Agrees Modest Hike in Oil Supply After Iran Softens Stance appeared first on Prophecy in the News.

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