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OPEC agrees modest hike in oil supply after Iran softens stance

Friday, June 22, 2018 - 01:52

OPEC agreed on Friday on a modest increase in oil production from next month after its leader Saudi Arabia persuaded arch-rival Iran to cooperate, following calls from major consumers to help reduce the price of crude and avoid a supply shortage. Kate King reports.

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OPEC agreed on Friday on a modest increase in oil production from next month after its leader Saudi Arabia persuaded arch-rival Iran to cooperate, following calls from major consumers to help reduce the price of crude and avoid a supply shortage. Kate King reports.

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OPEC agrees modest hike in oil supply after Iran softens stance

Friday, June 22, 2018 - 01:52