OPEC agrees first output cut since 2008, Saudis to take big hit

Short resume:

saudi
90%
production
80%
economic
70%
arabia
60%
OPEC agrees first output cut since 2008, Saudis to take big hit

VIENNA: Opec has agreed its first limit on oil output since 2008, sources in the producer group told Reuters, with Saudi Arabia accepting a big hit on its production and agreeing to arch-rival Iran freezing output at pre-sanctions levels.
Source Economic Times
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