The Organization of the Petroleum Exporting Countries (OPEC) has agreed to cut supply by 1.2 million barrels per day (bpd) versus the current 33.64 million barrels, according to Bloomberg. Crude prices soared almost eight percent on the report. Bloomberg quoted a delegate in Vienna, asking not to be identified as ...
The United Nations Security Council on Wednesday voted unanimously to tighten sanctions against North Korea following its most recent nuclear test, placing a cap on Pyongyang’s coal exports to China. The new sanctions resolution, which was spearheaded by the United States and came after three months of tough negotiations with ...
