In First Major Agreement Since 2008, OPEC Makes Deal To Curb Output

Email a Friend
Participants attend the opening session of the 15th International Energy Forum in Algiers on Sept. 27, 2016. (Ryad Kramdi/Getty Images)
From

OPEC member countries have agreed to curb output, aiming to reduce the glut of oil on global markets.

It’s the first major agreement by the group since 2008. Crude oil prices surged more than 5 percent on the news yesterday. But the deal is still not finalized.

Here & Now‘s Jeremy Hobson speaks with business journalist Ali Velshi about the expected impact and importance of the deal.

Guest

Ali Velshi, business journalist. He tweets @AliVelshi.

Copyright 2016 NPR. To see more, visit http://www.npr.org/.