OPEC delegates: there were no plans to discuss the oil output cut

Market news

28 January 2016

OPEC delegates: there were no plans to discuss the oil output cut

The Organization of Petroleum Exporting Countries (OPEC) delegates said on Thursday that there were no plans to discuss the oil output cut.

Earlier on Thursday, Russian Energy Minister Alexander Novak said in St. Petersburg that Saudi Arabia proposed to reduce oil production by around 5%.

Gold declines around 1%

The Confederation of British Industry Director of Economics, Rain Newton-Smith: a weak global growth and competitive pressures from abroad weigh on the U.K. manufacturing sector

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