Middle East

OPEC Reaches First Deal to Cut Oil Output Since 2008

The world's largest oil exporters agreed on Wednesday to cut output for the first time in eight years to erode a global supply overhang that has persisted for two years and halved the value of a barrel of crude.

OPEC Reaches First Deal to Cut Oil Output Since 2008

The world's largest oil exporters agreed on Wednesday to cut output for the first time in eight years to erode a global supply overhang that has persisted for two years and halved the value of a barrel of crude.