OPEC agrees to cut 1.2 million barrels a day to boost oil prices

Dec 1, 2016
The agreement by OPEC members to cut oil production by 1.2 million barrels a day — that’s 1 percent of global production — sent crude prices climbing after it was announced. The global oil industry hopes things will continue to trend that way. The deal is meant to reduce the current oil glut and get […]
An Austrian soldier stands guard outside the OPEC headquarters on the eve of the 171th meeting of the Organization of the Petroleum Exporting Countries in Vienna, on Tuesday.

We're going to be pumping oil for a long time

Nov 16, 2016
The question isn't when we will we run out of oil, it’s "when will we stop needing more and more oil?"
Gas containers featuring the Total corporate logo at the Total Refinery in Antwerp, Belgium.  
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