This won't do AKK any harm!!
The Organization of the Petroleum Exporting Countries reached agreement to limit its production by nearly a million barrels per day to 32.5 million bpd in talks held on the sidelines of the Sept. 26-28 International Energy Forum in Algiers, the sources told Reuters.O PEC will agree to concrete levels of production for country at its Nov. 30 meeting in Vienna, the sources said.
After reaching its group target, it will seek support from non-member oil producers to further ease the global glut, they added.
POO up 6% on that news.
AKK Price at posting:
0.6¢ Sentiment: None Disclosure: Not Held
