As OPEC extends output cuts, Asia turns to North America for more oil

Asian refiners are losing no time reacting to a decision by OPEC and Russia to extend their agreed production cuts to all of 2018, ordering more oil from the Caribbean and Gulf of Mexico in a move that will result in lost OPEC and Russian market share. FILE PHOTO – A flag with the Organization of the Petroleum Exporting Countries logo is seen during a meeting of OPEC and non-OPEC producing countries in Vienna, Austria September 22, 2017.

Original published: 2017-12-01 16:23:57 Read the full Vienna News here


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